10(1)Subject to sub-paragraph (2), where—
(a)the Council is satisfied that a recognised body has failed to comply with any rules applicable to it by virtue of section 32; or
(b)a person has been appointed receiver or manager of property of a recognised body; or
(c)a winding-up order, or an administration order under Part II of the Insolvency Act 1985, has been made with respect to a recognised body or a resolution for voluntary winding-up has been passed with respect to a recognised body (other than a resolution passed solely for the purposes of its reconstruction or of its amalgamation with another body corporate); or
(d)the Council has reason to suspect dishonesty on the part of any officer or employee of a recognised body in connection with that body’s business,
the powers conferred by Part II of Schedule 5 shall be exercisable in relation to the recognised body and its business in like manner as they are exercisable in relation to a licensed conveyancer and his practice.
(2)Those powers shall only be exercisable by virtue of sub-paragraph (1)(a) if the Council has given the recognised body notice in writing that the Council is satisfied that the body has failed to comply with the rules specified in the notice and also (at the same or any later time) notice that those powers are accordingly exercisable in its case by virtue of sub-paragraph (1)(a).