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| | Clause, as amended, Agreed to. |
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| | Clauses 91 to 102 Agreed to. |
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| Schedule 14, page 214, line 35, leave out paragraph (b). |
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| | Schedule, as amended, Agreed to. |
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| Clause 104, page 56, line 30, after ‘body’, insert ‘which is not licensed by the Law |
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| Clause 104, page 56, line 33, after ‘body’, insert ‘which is not licensed by the |
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| Council for Licensed Conveyancers’. |
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| | Agreed to on division 115 |
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| Clause 105, page 57, line 5, leave out ‘a’ and insert ‘an independent’. |
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| Clause 105, page 57, line 7, leave out second ‘a’ and insert ‘an independent’. |
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| | Clause, as amended, Agreed to. |
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| Clause 106, page 57, line 10, leave out ‘a’ and insert ‘an independent’. |
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| Clause 106, page 57, line 36, leave out ‘in shares’ and insert ‘or an indirect |
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| | Clause, as amended, Agreed to. |
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| Clause 108, page 59, line 4, leave out subsection (2) and insert— |
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| | ‘(2) | The management condition is that— |
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| | (a) | the number of managers of the body who are non-authorised persons is |
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| | less than 10% of the total number of managers; or |
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| | (b) | the managers who are non-authorised persons who provide services |
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| | directly or indirectly to clients within their own professional training, are |
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| | members of one or more recognised professional bodies.’. |
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| Clause 108, page 59, line 6, leave out subsection (3) and insert— |
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| | ‘(3) | The ownership condition for B satisfying the management condition set out in |
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| | (a) | the proportion of shares in B in which non-authorised non managers have |
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| | an interest is less than 10%, and |
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| | (b) | the proportion of the voting power in B which non-authorised non |
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| | managers are entitled to exercise, or control the exercise of, is less than |
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| | (c) | if B has a parent undertaking (“P”)— |
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| | (i) | the proportion of shares in P in which non-authorised non- |
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| | managers have an interest is less than 10%, and |
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| | (ii) | the proportion of the voting power in P which non-authorised |
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| | non-managers are entitled to exercise, or control the exercise of, |
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| Clause 108, page 59, line 7, leave out ‘in which non-authorised persons have an |
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| interest’ and insert ‘held by non-authorised persons’. |
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| Clause 108, page 59, line 9, leave out ‘power’ and insert ‘rights’. |
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| Clause 108, page 59, line 12, leave out ‘in which non-authorised persons have an |
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| interest’ and insert ‘held by non-authorised persons’. |
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| Clause 108, page 59, line 14, leave out ‘power’ and insert ‘rights’. |
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| Clause 108, page 59, line 16, at end insert— |
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| | ‘(3A) | The ownership condition for B satisfying the management condition set out in |
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| | paragraph 2(b) is that shares and voting power in B are only held by authorised |
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| | persons or members of recognised professional bodies.’. |
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| Clause 108, page 59, line 19, at end insert— |
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| | ‘“recognised professional body” means a body (other than an approved |
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| | regulator), incorporated by Royal Charter, which makes provision for— |
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| | (a) | testing the competence of those seeking admission to |
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| | membership of the body as a condition for such admission; and |
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| | (b) | imposing and maintaining professional and ethical standards for |
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| | its members, as well as imposing sanctions for non-compliance |
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| Clause 108, page 59, leave out lines 20 to 23. |
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| Clause 108, page 59, line 23, at end add— |
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| | ‘(5) | For the purposes of subsection (4)— |
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| | “member” means a member or member firm as defined by the appropriate |
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| | Clause, as amended, Agreed to. |
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| | Clauses 109 and 110 Agreed to. |
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| Clause 111, page 60, line 21, leave out ‘in shares’. |
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| Clause 111, page 60, line 24, leave out sub-paragraph (ii) and insert— |
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| | ‘(ii) | are bodies in which persons within paragraphs (a) to (c) are |
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| | entitled to exercise, or control the exercise of, more than 90% of |
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| | Clause, as amended, Agreed to. |
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| Clause 113, page 61, line 35, at end add— |
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| | ‘(6) | Nothing in this Part is intended to prevent an application to the Solicitors’ |
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| | Compensation Fund for redress in respect of a determination by an ombudsman |
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| | with which a solicitor respondent is unable or unwilling to comply.’.
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| Schedule 15, page 222, line 35, leave out sub-paragraph (2). |
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| Schedule 15, page 224, line 29, at end insert— |
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| | | ‘The terms of appointment of the chairman or any other member may provide |
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| | for the Board to pay, or make payments towards the provision of, a pension, |
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| | allowance or gratuity to or in respect of that person. |
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| | | If the Board thinks there are circumstances that make it right for a person |
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| | ceasing to hold office as chairman or another member to receive compensation, |
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| | the OLC may pay that person such compensation as the Board may |
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| Schedule 15, page 224, line 42, at end insert— |
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| | | ‘The OLC may pay compensation for loss of employment to or in respect of an |
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| | ombudsman (or former ombudsman), or a member (or former member) of staff |
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| | appointed under paragraph 11.’. |
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| Schedule 15, page 226, line 15, leave out paragraphs 21 and 22.
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| | Schedule, as amended, Agreed to. |
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| | Clauses 115 to 120 Agreed to. |
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| Clause 121, page 63, line 11, at end insert— |
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| | ‘(za) | investigate the handling of complaints by the Office for Legal |
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| | Complaints (complaints under this subsection include those handled on |
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| | behalf of the Office for Legal Complaints and those referred to Approved |
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| | Regulators by the Office for Legal Compliants).’. |
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| Clause 121, page 63, line 24, at end add— |
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| | ‘(6) | The Board may take any steps it considers reasonably necessary to ensure the |
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| | OLC’s compliance with any obligations set under section 118(2)(a), (b) and (c).’. |
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| Clause 122, page 63, line 32, at end insert— |
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| | ‘(2A) | The majority of persons appointed under paragraph 1(b) must be lay persons.’. |
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| | Clauses 123 to 127 Agreed to. |
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| Clause 128, page 65, line 28, at end insert ‘, or was a person giving legal advice or |
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