SCHEDULES
SCHEDULE 11Licensing rules
Part 3Practice requirements
15Practising address
1
Licensing rules must require a licensed body, other than one to which sub-paragraph (3) applies, at all times to have a practising address in England and Wales.
2
For this purpose “practising address”, in relation to a licensed body, means an address from which the body provides services which consist of or include the carrying on of reserved legal activities.
3
This sub-paragraph applies to a licensed body—
a
which is a company or limited liability partnership, and
b
the registered office of which is situated in England and Wales (or in Wales).
16Licensed activities
Licensing rules must provide that a licensed body may carry on a licensed activity only through a person who is entitled to carry on the activity.
17Compliance with regulatory arrangements etc
1
Licensing rules must include the following provision.
2
A licensed body must at all times have suitable arrangements in place to ensure that—
a
it, and its managers and employees, comply with the duties imposed by section 176, and
b
it, and any person to whom sub-paragraph (3) applies, maintain the professional principles set out in section 1(3).
3
This sub-paragraph applies to any manager or employee of the licensed body who is an authorised person in relation to an activity which is a reserved legal activity.
4
A licensed body must at all times have suitable arrangements in place to ensure that non-authorised persons subject to the duty imposed by section 90 in relation to the licensed body comply with that duty.
5
Licensing rules may make provision as to the arrangements which are suitable for the purposes of rules made under sub-paragraphs (2) and (4).
18Disqualified employees
1
Licensing rules must include the following requirement.
2
A licensed body may not employ a person who under this Part of this Act is disqualified from being an employee of a licensed body.
19Indemnification arrangements and compensation arrangements
1
For the purpose of giving effect to indemnification arrangements and compensation arrangements, licensing rules may—
a
authorise or require the licensing authority to establish and maintain a fund or funds;
b
authorise or require the licensing authority to take out and maintain insurance with authorised insurers;
c
require licensed bodies or licensed bodies of any specific description to take out and maintain insurance with authorised insurers.
2
In this paragraph “authorised insurer” has the same meaning as in section 64.
20Accounts
1
The licensing rules must make provision as to the treatment of money within sub-paragraph (2), and the keeping of accounts in respect of such money.
2
The money referred to in sub-paragraph (1) is money (including money held on trust) which is received, held or dealt with by the licensed body, its managers and employees for clients or other persons.