Section 57F Effectiveness of compensation fundF1

(1)

Section 39 also applies in relation to a compensation fund of its own that is maintained by an approved regulator in furtherance of section 24(2) of the Legal Services (Scotland) Act 2010.

(2)

For the application of section 39 by virtue of subsection (1)—

(a)

any such compensation fund is to be regarded as falling within subsection (1)(c) of that section,

(b)

the approved regulator is to be regarded as the relevant professional organisation.

Annotations

Textual amendments

F1: Pt. 2A inserted (1.4.2011 for specified purposes, 2.7.2012 in so far as not already in force) by Legal Services (Scotland) Act 2010 (asp 16), ss. 81, 150(2) (with ss. 30(3), 60(3), 89, 121(5), 124(3)); S.S.I. 2011/180, art. 3, Sch.; S.S.I. 2012/152, art. 2, Sch. (with art. 3)