Regulation 2 Interpretation

In these Regulations—

• “the Act” means the Financial Services and Markets Act 2000^f1;

• “legal professional” means—

  1. (a)

     a person who, or licensable body which, is authorised by the Law Society of England and Wales or the General Council of the Bar to carry on a reserved legal activity;

  2. (b)

     a European lawyer registered with the Law Society of England and Wales under the European Communities (Lawyer's Practice) Regulations 2000^f2, as they have effect by virtue of regulation 6 (transitional provision: the 2000 Regulations and Swiss lawyers) of the Services of Lawyers and Lawyer's Practice (Revocation etc.) (EU Exit) Regulations 2020^f3;

  3. (c)

     a foreign lawyer registered with the Law Society of England and Wales under section 89 (foreign lawyers: recognised bodies and partnerships with solicitors) of the Courts and Legal Services Act 1990^f4;

  4. (d)

     a person authorised by the Chartered Institute of Legal Executives to carry on a reserved legal activity;

  5. (e)

     any other member of a legal profession, of a jurisdiction other than England and Wales, that is recognised by the Law Society of England and Wales or the General Council of the Bar as a regulated legal profession;

• “licensable body” has the meaning given in section 72 (“licensable body”) of the Legal Services Act 2007^f5;

• “reserved legal activity” has the meaning given in section 12 (meaning of “reserved legal activity” and “legal activity”) of the Legal Services Act 2007;

• “Scottish legal professional” means—

  1. (a)

     a person qualified to practice as a solicitor in accordance with section 4 (qualifications for practising as a solicitor) of the Solicitors (Scotland) Act 1980^f6;

  2. (b)

     an advocate who is a member of the Faculty of Advocates;

  3. (c)

     a European lawyer registered with the Law Society of Scotland in accordance with regulation 17 (registration by professional body) of the European Communities (Lawyer’s Practice) (Scotland) Regulations 2000^f7 as those Regulations have effect by virtue of regulation 6 (transitional provision: the European Communities (Lawyer’s Practice) (Scotland) Regulations 2000) or regulation 7 (transitional provision: the European Communities (Lawyer's Practice) (Scotland) Regulations 2000 and Swiss lawyers) of the Services of Lawyers and Lawyer’s Practice (EU Exit) (Scotland) (Amendment etc.) Regulations 2019^f8;

  4. (d)

     foreign lawyers registered with the Law Society of Scotland under section 60A (registered foreign lawyers) of the Solicitors (Scotland) Act 1980^f9;

  5. (e)

     an incorporated practice within the meaning given by section 34(1A)(c) (rules as to professional practice, conduct and discipline) of the Solicitors (Scotland) Act 1980^f10;

  6. (f)

     a licensed legal services provider within the meaning of Part 2 of the Legal Services (Scotland) Act 2010^f11 (see section 47 (licensed providers) of that Act) that provides, or offers to provide, legal services under a licence issued by the Law Society of Scotland;

  7. (g)

     any other member of a legal profession, of a jurisdiction other than Scotland, that is recognised by the Law Society of Scotland or the Faculty of Advocates as a regulated legal profession.