PART 3Functions of ITMA

ITMA acting as an approved regulator

Management and control of ITMA-registered bodies

11.—(1) ITMA may make regulations under section 83A(2)(b) of the 1994 Act(1) (requirements as to registration of a body corporate or unincorporate and its management and control) which require each ITMA-registered body to have—

(a)a Head of Legal Practice;

(b)a Head of Finance and Administration.

(2) Regulations made by virtue of paragraph (1) must include the provisions specified in Schedule 3.

(1)

Section 83A was inserted by section 184(3) of the Legal Services Act 2007.