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Regulation 8 Solicitors

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

The acceptance by a practising solicitor in the course of his profession of a deposit is an exempt transaction.

(2)

In this regulation “practising solicitor” means a solicitor who is qualified to act as such under section 1 of the Solicitors Act 1974f1, article 4 of the Solicitors (Northern Ireland) Order 1976f2 or section 4 of the Solicitors (Scotland) Act 1980f3, and in Scotland includes a firm of practising solicitors.

Annotations

Footnotes

f1

1974 c. 47.

f2

S.I. 1976/582 (N.I. 12).

f3

1980 c. 46.