18 Authorised persons

Interpretation

18  Authorised persons

(1)     For the purposes of this Act “authorised person”, in relation to an activity (“the relevant activity”) which is a reserved legal activity, means—

(a)     a person who is authorised to carry on the relevant activity by a relevant approved regulator in relation to the relevant activity (other than by virtue of a licence under Part 5), or

(b)     a licensable body which, by virtue of such a licence, is authorised to carry on the relevant activity by a

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