SCHEDULES
SCHEDULE 11Licensing rules
Part 3Practice requirements
Compliance with regulatory arrangements etc
I117
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).