In this Act references to the "regulatory arrangements" of a body are to—
(whether or not those arrangements, rules or regulations are contained in, or made under, an enactment).
In this Act—
"compensation arrangements", in relation to a body, means arrangements to provide for grants or other payments for the purposes of relieving or mitigating losses or hardship suffered by persons in consequence of—
(a)negligence or fraud or other dishonesty on the part of any persons whom the body has authorised to carry on activities which constitute a reserved legal activity, or of employees of theirs, in connection with their activities as such authorised persons, and
(b)failure, on the part of regulated persons, to account for money received by them in connection with their activities as such regulated persons;
"conduct rules", in relation to a body, means any rules or regulations (however they may be described) as to the conduct required of regulated persons;
"discipline rules", in relation to a body, means any rules or regulations (however they may be described) as to the disciplining of regulated persons;
"indemnification arrangements", in relation to a body, means arrangements for the purpose of ensuring the indemnification of those who are or were regulated persons against losses arising from claims in relation to any description of civil liability incurred by them, or by employees or former employees of theirs, in connection with their activities as such regulated persons;
"practice rules", in relation to a body, means any rules or regulations (however they may be described) which govern the practice of regulated persons;
"qualification regulations", in relation to a body, means— (however they may be described).
(a)any rules or regulations relating to— (in order for them to be authorised by the body to carry on an activity which is a reserved legal activity,
(b)any rules or regulations relating to— (in order for them to be authorised by the body to provide immigration advice or immigration services, and
(c)any other rules or regulations relating to the education and training which regulated persons must receive or any other requirements which must be met by or in respect of them,
In this section "regulated persons", in relation to a body, means any class of persons which consists of or includes—
In relation to an authorised person other than an individual, references in subsection (2) and (3) to employees of the person include managers of the person.