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S

S

Searches

the investigations that are required on a property sale or purchase.

Separate Designated Account

an interest bearing account (but not a share account) at the branch (or the head office) located in England or Wales of a Building Society or Bank, in each case in the name of the CLC regulated individual or body, and in the title of which account the word ‘Client’ and a reference to the identity of the Client or the matter concerned must appear.

Sole Practitioner

the sole Manager of a  CLC Recognised Body.

Special Bodies

the definition provided in s.106 of the 2007 Act:

  • an independent trade union
  • a not-for-profit body
  • a community interest company
  • a low-risk body
  • a body of such other description as may be prescribed by an order made by the Lord Chancellor.
Specific Requirement

a strict direction for conduct that must be complied with.

Supplemental Policy

a contract of Professional Indemnity Insurance, made between the Authorised Insurers and a Body or an EU Body, which provides cover as modified in accordance with the Professional Indemnity Insurance Code and Operating Framework, or as otherwise determined by the CLC.

Systematically

arrangements are in place to ensure processes are carried out in an orderly fashion.