# Finance Act 2015, Paragraph 7


(1) In Schedule 34 (threshold conditions), paragraph 8 (disciplinary action: professionals etc) is amended as follows.
(2) For sub-paragraph (1) substitute—
“(1) A person who carries on a trade or profession that is regulated by a professional body meets this condition if all of the following conditions are met—
(a) the person is found guilty of misconduct of a prescribed kind,
(b) action of a prescribed kind is taken against the person in relation to that misconduct, and
(c) a penalty of a prescribed kind is imposed on the person as a result of that misconduct.”
(3) In the heading, for “by a professional body” substitute “ against a member of a trade or profession ”.
(4) In sub-paragraph (3), in paragraph (h), for “for” substitute “ of ”.

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Source: https://www.legislation.gov.uk/ukpga/2015/11/schedule/19/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2015/schedule-19/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.