# Estate Agents Act 1979, Paragraph 3

Extent: E+W+S+N.I.

(1) In determining whether a scheme, or any provisions mentioned in paragraph 2(2), are satisfactory the lead enforcement authority must have regard to—
(a) the interests of members of the scheme and of sellers and buyers of residential properties; and
(b) such principles as—
(i) in the opinion of the lead enforcement authority constitute generally accepted principles of best practice in relation to consumer redress schemes, and
(ii) it is reasonable to regard as applicable to the scheme.
(2) In considering the interests mentioned in sub-paragraph (1)(a), the lead enforcement authority may have regard to the number of other redress schemes which are (or are likely to become) approved redress schemes.

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Source: https://www.legislation.gov.uk/ukpga/1979/38/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/estate-agents-act-1979/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.