2.—(1) The Institute may make regulations or rules providing for appeals to the First-tier Tribunal against decisions made by the Institute in its capacity as an approved regulator, including in its role as a licensing authority.
(2) The regulations or rules made by the Institute may provide for a decision on such an appeal to be final and for orders as to payment of costs)(1).
The Institute of Chartered Accountants in England and Wales (“the Institute”) was designated as an approved regulator for probate activities by the Legal Services Act 2007 (Approved Regulator) Order 2014 (S.I. 2014/1872) and as a licensing authority for probate activities by the Legal Services Act 2007 (Licensing Authority) Order 2014 (S.I. 2014/1925). Probate activities are described in paragraph 6(1) of Schedule 2 to the Legal Services Act 2007 (“the 2007 Act”).