an Alternative Business Structure licensed by the CLC.Licensed Body (ABS) Code
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This Code must be read with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. The the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct is the parent document of the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC Handbook and Frameworks; it sits above all other Codes in our the sum of Codes, Guidance, Frameworks and Policies, which set out the responsibilities of the Regulated Community and our approach to regulation.regulatory arrangements. The the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct prescribes six Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles of behaviour which are essential to delivering the specific delivery of a positive result for Clients; it is the end result of the application of a principle or specific requirement the CLC’s Regulatory Arrangements are focused upon these Outcomes, which everyone who we regulate must deliver.Outcomes which sit beneath each of the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles. All the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC regulated individuals and bodies are expected to comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct in the delivery of authorised under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activities and permitted non-under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activities.
The the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC also publishes several other topic specific Codes addressing important areas of practice, including this an Alternative Business Structure licensed by the CLC.Licensed Body (ABS) Code. Topic specific Codes underpin the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct and support regulated individuals and bodies in delivering the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles and delivery of a positive result for Clients; it is the end result of the application of a principle or specific requirement the CLC’s Regulatory Arrangements are focused upon these Outcomes, which everyone who we regulate must deliver.Outcomes of behaviour defined in the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. Topic specific Codes apply to all regulated activities carried out by the individuals or bodies specified in that Co
In this Code ‘you’ refers to Licensed Bodies regulated by the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC, except where ‘you’ is provided under the heading of a designated role in which case the ‘you’ refers to that role. You must ensure that you always comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct and topic specific Codes and must not permit anyone else to act or fail to act in such a way as to amount to a breach of this Code, the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct, or the Ethical PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles.
Should circumstances arise in which there is an apparent conflict between a topic specific Code, the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct, or any other regulatory requirement, you must ensure that you comply with the the parent document of our regulatory arrangements, outlining the Overriding Principles that the regulated community must comply with and the Outcomes which they must deliver.Code of Conduct. If in doubt, contact the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC for advice.
Governance and operational methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements
- You ensure all persons with a a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest, means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer..managers and (depending on the context) an individual employed by a CLC body, by an entity regulated by another legal regulator or by a local authority or other employer.employees understand and comply with their regulatory responsibilities and do not compromise the body’s duty to the Court or any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client.
- You enable the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.Head of Legal Practice (the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP) and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.Head of Finance and Administration (the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA) to discharge their regulatory responsibilities.
- You enable a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties to comply with their own regulatory responsibilities.
- You ensure persons with a a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest are unable to exert when a person – usually the owner – attempts to influence the decisions of the Licensed (ABS) Body, or the conduct of Authorised Persons in a way which would constitute a breach of licensing requirements and of regulatory duties.improper influence on the body.
- You arrangements are in place to ensure processes are carried out in an orderly fashion.systematically prevent, identify and address when a person – usually the owner – attempts to influence the decisions of the Licensed (ABS) Body, or the conduct of Authorised Persons in a way which would constitute a breach of licensing requirements and of regulatory duties.improper influence, allowing independence to be maintained and the rule of law to be upheld.
- You provide a mechanism by which staff can identify regulatory concerns to the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP, and any finance-related concerns to the the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA also.
- You operate an oral or written expression of dissatisfaction, which alleges that the complainant has suffered (or may suffer) financial loss, distress, inconvenience or detriment.complaints-handling procedures which consider an oral or written expression of dissatisfaction, which alleges that the complainant has suffered (or may suffer) financial loss, distress, inconvenience or detriment.complaints about both a lawyer is a legally qualified person, someone who gives legal advice and represents people in legal matters.lawyers and non-a lawyer is a legally qualified person, someone who gives legal advice and represents people in legal matters.lawyers.
a strict direction for conduct that must be complied with.Specific Requirements
- You have a designated the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA and have applied for/obtained the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC approval of these individuals.
- Your the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA have experience and qualifications appropriate to the body’s profile.
- Your the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA are members of the senior management team or Board, or report to the senior management team or Board.
- You provide the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA with access to the an Alternative Business Structure licensed by the CLC.Licensed Body’s means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer..managers and staff and the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC whenever necessary and their views are taken into account and the recommendations taken forward wherever possible.
- You specifically authorise the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP and the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA to dissent from collective responsibility when reporting to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
- You ensure as set out at s.111 of 2007 Act, a person who is not: (1) an Authorised Person in relation to an activity that constitutes a reserved legal activity (2) a registered foreign lawyer (within the meaning of s.89 of the 1990 Act) (3) a person entitled to pursue professional activities under a professional title to which the Directive applies, in a state to which the Directive applies (other than the title of barrister or solicitor in England and Wales) (4) a body that provides professional services, such as provided by persons within (a) or lawyers of other jurisdictions, and all the Managers of which, and all the persons with an interest in which – (i) are within (a) to (c), or (ii) are bodies in which persons within (a) to (c) are entitled to exercise, or control the exercise of, more than 90% of the voting rights.Non-Authorised Persons who propose to hold a a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest of 10% or more, or a a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest holder proposes to acquire an additional kind of interest, notify both the body and the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
- You ensure the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP is notified of any ‘the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper’ issue concerning the please see Material Interest and Beneficial Owner definitions.owner(s), the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP, the officer in a Licensed Body (ABS) designated responsible for the body complying with their accounts responsibilities as set out in our Regulatory Arrangements; the individual does not have to be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoFA, other means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer.Managers or a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties.
a strict direction for conduct that must be complied with.Specific Requirements – as set out at s.111 of 2007 Act, a person who is not: (1) an Authorised Person in relation to an activity that constitutes a reserved legal activity (2) a registered foreign lawyer (within the meaning of s.89 of the 1990 Act) (3) a person entitled to pursue professional activities under a professional title to which the Directive applies, in a state to which the Directive applies (other than the title of barrister or solicitor in England and Wales) (4) a body that provides professional services, such as provided by persons within (a) or lawyers of other jurisdictions, and all the Managers of which, and all the persons with an interest in which – (i) are within (a) to (c), or (ii) are bodies in which persons within (a) to (c) are entitled to exercise, or control the exercise of, more than 90% of the voting rights.Non-Authorised Persons with a person holds a material interest in a Licensed (ABS) Body if the Person*: (1) holds at least 10% or more shares in the body (or in a parent undertaking); (2) is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; (3) is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; (4) as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b) any of the person’s associates; or (c) the person and any of the person’s associates taken together.Material interest
- You are a ‘the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper’ person and declare to the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP any factors affecting this.
- You do not attempt to exert when a person – usually the owner – attempts to influence the decisions of the Licensed (ABS) Body, or the conduct of Authorised Persons in a way which would constitute a breach of licensing requirements and of regulatory duties.improper influence over the body or individuals within it.
- If you intend to acquire an additional kind of a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest you inform both the an Alternative Business Structure licensed by the CLC.Licensed Body and the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
Business methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements
a strict direction for conduct that must be complied with.Specific requirements
- You have at least one a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties, authorised to provide each under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activity the body delivers.
- You do not employ any person disqualified from being employed by a an Alternative Business Structure licensed by the CLC.Licensed Body or any person not the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper.
- You do not share any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client information with other parts of the business without the any person or persons for whom a Licensed Conveyancer or CLC body acts in the provision of Regulated Services; this may also include a person or persons who may seek the provision of Regulated Services. Client also includes any person for whom a Licensed Conveyancer or Body acts in the provision of Regulated Activities (and may also include a person who may seek the provision of Regulated Activities).Client’s permission.
the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.Head of Legal Practice
PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles
- You understand the regulatory responsibilities of the body.
- You act upon regulatory responsibility concerns raised by staff.
- You keep up- to-date with legislative and regulatory requirements through targeted Continuous Professional Development.
- You ensure a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties employed by the body are the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper.
- You report to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC any governance concerns including when a person – usually the owner – attempts to influence the decisions of the Licensed (ABS) Body, or the conduct of Authorised Persons in a way which would constitute a breach of licensing requirements and of regulatory duties.improper influence.
a strict direction for conduct that must be complied with.Specific Requirements – of the Individual
- You are an a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties in relation to one or more of the under the Code of Conduct this means that Authorised Persons must personally carry out or supervise the Reserved Legal Activity provided.reserved legal activities.
- You are a ‘the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper’ person and declare to the an Alternative Business Structure licensed by the CLC.Licensed Body and the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC any factors affecting this.
a strict direction for conduct that must be complied with.Specific Requirements – of responsibility
- You ensure the an Alternative Business Structure licensed by the CLC.Licensed Body complies with the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC the sum of Codes, Guidance, Frameworks and Policies, which set out the responsibilities of the Regulated Community and our approach to regulation.regulatory arrangements and any a licence to practise as a Licensed Conveyancer issued by the CLC under Part II of the 1985 Act (and includes where the context permits a conveyancing licence, a probate licence, a litigation licence and an advocacy licence).IExpY2VuY2UgQXV0aG9yaXNhdGlvbnMsIENvbmRpdGlvbnMsIFBlcm1pc3Npb25zIGFuZCBUZXJtczogplease see authorisations, conditions, permissions and terms.licence specify the reserved legal activities which a body is authorised by the CLC to provide.authorisations, specify the non-reserved legal activities that a body is permitted to provide.permissions and conditions, within 2 working days.promptly reporting any breach to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC.
- You ensure a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties are able to comply with their regulatory responsibilities, within 2 working days.promptly reporting to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC any breach of this.
- You ensure all as set out at s.111 of 2007 Act, a person who is not: 1. an Authorised Person in relation to an activity that constitutes a reserved legal activity 2. a registered foreign lawyer (within the meaning of s.89 of the 1990 Act) 3. a person entitled to pursue professional activities under a professional title to which the Directive applies, in a state to which the irective applies (other than the title of barrister or solicitor in England and Wales) 4. a body that provides professional services, such as provided by persons within (a) or lawyers of other jurisdictions, and all the Managers of which, and all the persons with an interest in which – (i) are within (a) to (c), or (ii) are bodies in which persons within (a) to (c) are entitled to exercise, or control the exercise of, more than 90% of the voting rights.Non-Authorised Person (depending on the context) an individual employed by a CLC body, by an entity regulated by another legal regulator or by a local authority or other employer.employees, means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer..managers or a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest holders do not cause or substantially contribute to the an Alternative Business Structure licensed by the CLC.Licensed Body or any of its (depending on the context) an individual employed by a CLC body, by an entity regulated by another legal regulator or by a local authority or other employer.employees, means a person who is: 1. if the body is a company and its affairs are managed by members, a member; 2. if the body is a company and (a) does not apply, a director of the body; 3. if the body is a partnership, a partner; 4. if the body is a Limited Liability Partnership, an LLP member; 5. if the body is an unincorporated body (other than a partnership), a member of its governing body; and 6. a licensed conveyancer if sub-paragraphs (a)-(e) do not apply and the affairs of the body are not managed by another licensed conveyancer..managers or a person authorised by an Approved Regulator to carry on reserved legal activities e.g:
a Licensed
Conveyancer;
a Solicitor;
a Fellow of the Institute of Legal Executives.Authorised Person(s)/Parties , breaching its/their regulatory responsibilities, within 2 working days.promptly reporting to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC any failures to comply.
- You ensure persons proposing to acquire a a person holds a material interest in a Licensed (ABS) Body if the Person*: 1.holds at least 10% or more shares in the body (or in a parent undertaking); 2. is someone able to exercise significant influence over the management of the body (or a parent undertaking) due to their entitlement to exercise, or control the exercise of voting rights; 3. is entitled to exercise or control the exercise, of voting powers in the body (or a parent undertaking), which, if it consists of voting rights, constitutes at least 10% or more of the voting rights; 4. as a partner having at least 10% interest in the capital or profits of the partnership; and includes any ultimately beneficial owner of more than 10%.’The Person’ means: (a) the person; (b)any of the person’s associates; or (c) the person and any of the person’s associates taken together.material interest in the body, or who have already done so are aware of their duty to notify.
- You ensure you are informed within 2 working days.promptly of any circumstance identified under the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC Notification Code.
Head of Finance & Administration
PluralCAPITAL an essential quality; a characteristic, behaviour or ethic, which must be demonstrated so that positive Outcomes are generated for Clients.Principles
- You protect any money held or received for a Client by a CLC regulated person or body, incidental to the provision of legal services regulated by the CLC.client money and assets at all times.
- You understand the regulatory responsibilities of the body.
- You keep up- to-date with legislative and regulatory requirements through targeted Continuous Professional Development.
a strict direction for conduct that must be complied with.Specific Requirements – of the individual
- You are a ‘the CLC requires that all:
applicants
authorised persons
owners or managers of an Alternative Business Structure
are able to demonstrate that they are suitable for the role for which they are applying, this includes a fit and proper test to determine their probity and financial history.fit and proper’ person and declare to the the officer in a Licensed Body (ABS) designated responsible for the body complying with its responsibilities as set out in our regulatory arrangements; the individual must be an Authorised Person; it is preferable, though not mandatory, for the individual to be a Manager.HoLP any factors affecting this.
a strict direction for conduct that must be complied with.Specific Requirements – of responsibility
- You ensure the body complies with the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC’s treatment of money requirements, within 2 working days.promptly reporting any breach of these.
- You within 2 working days.promptly report to the the Council for Licensed Conveyancers established under s.12 of the 1985 Act.CLC when the body is in financial distress or is at significant risk of becoming financially distressed.
- You provide administrative methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements to support the maintenance of high standards of work.
- You ensure that proper records are maintained to evidence the body’s management and supervision methods of organisation including systems, procedures, controls, functions, roles, and processes.arrangements and how they are applied.