2. The Society’s power to make compensation rules extends to making rules concerning the grant of compensation by the Society in respect of loss that a person has suffered, or is likely to suffer, as a result of—
(a)an act or omission of a licensed body or former licensed body which occurs during the transitional period;
(b)an act or omission of a manager or employee (or former manager or employee) of a licensed body or former licensed body which occurs during the transitional period;
(c)an act or omission of any of the following persons which occurs during the transitional period—
(i)a person who has an interest or an indirect interest in a licensed body or former licensed body;
(ii)a person who holds a material interest in such a body;
(iii)a person who had or held an interest within sub-paragraph (c)(i) or (ii) at the time the act or omission occurred;
(d)the exercise by the Society of any of its powers under Schedule 14 to the Legal Services Act 2007 which—
(i)occurs during the transitional period; or
(ii)occurs after the end of that period but relates to anything which occurred during that period.