In this Act, the following expressions have the meaning given by this section—
"approved regulator";
"relevant approved regulator".
"Approved regulator" means—
a body which is designated as an approved regulator by Part 1 of Schedule 4 or under Part 2 of that Schedule (or both) and whose regulatory arrangements are approved for the purposes of this Act, and
if an order under section 62(1)(a) has effect, the Board.
An approved regulator is a "relevant approved regulator" in relation to an activity which is a reserved legal activity if—
the approved regulator is designated by Part 1, or under Part 2, of Schedule 4 in relation to that reserved legal activity, or
where the approved regulator is the Board, it is designated in relation to that reserved legal activity by an order under section 62(1)(a).
An approved regulator is a "relevant approved regulator" in relation to a person if the person is authorised by the approved regulator to carry on an activity which is a reserved legal activity.
An approved regulator may authorise persons to carry on any activity which is a reserved legal activity in respect of which it is a relevant approved regulator.