51 Control of practising fees charged by approved regulators

Practising fees

51  Control of practising fees charged by approved regulators

(1)     In this section “practising fee”, in relation to an approved regulator, means a fee payable by a person under the approved regulator's regulatory arrangements in circumstances where the payment of the fee is a condition which must be satisfied for that person to be authorised by the approved regulator to carry on one or more activities which are reserved legal activities.

(2)     An approved regulator may only apply amounts raised by practising fees for one or more of the permitted purposes.

(3)     The Board must make rules specifying the permitted purposes.

(4)     Those rules must, in particular,

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