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PART 4Compensation arrangements regarding the Guarantee Fund

Issuing of licences

5.—(1) Where an approved regulator issues a licence (including a provisional licence) in accordance with its licensing rules made under section 14 of the 2010 Act, it must, within the permitted timescale, provide the following information to the Law Society—

(a)the name of the licensed provider;

(b)the date on which the licence was issued;

(c)the term of the licence; and

(d)details of any conditions or restrictions attaching to the licence.

(2) In this regulation—

“within the permitted timescale” means as soon as reasonably practicable and not later than a period of 28 days commencing on the day after the day on which the licence was issued.