Source: http://www.legislation.gov.uk/ukpga/2007/29/schedule/13/part/2
Timestamp: 2016-02-07 06:23:37
Document Index: 280550278

Matched Legal Cases: ['art. 5', 'art. 6', 'art. 3', 'art. 5', 'art. 3', 'art. 2', 'art. 2', 'art. 2', 'art. 2', 'art 2', 'art 5', 'art. 2', 'art. 2', 'art 5', 'art. 2', 'art. 2']

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Table of ContentsContentExplanatory NotesMore ResourcesPrevious: PartNext: PartPlain ViewPrint OptionsWhat VersionLatest available (Revised)Original (As enacted)Advanced FeaturesShow Geographical Extent(e.g. England, Wales, Scotland, Northern Ireland)Show Timeline of ChangesOpening OptionsOpen whole ActOpen Act without schedulesOpen Schedules onlyMore ResourcesOriginal Print PDFView moreStatus:This version of this part contains provisions that are prospective.StatusThe term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section. A version of a provision is prospective either:where the provision (Part, Chapter or section) has never come into force or;where the text of the provision is subject to change, but no date has yet been appointed by the appropriate person or body for those changes to come into force.Commencement Orders listed in the ‘Changes to Legislation’ box as not yet applied may bring this prospective version into force.Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Legal Services Act 2007. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to :Changes and effectsThis section lists the changes and effects yet to be applied to the specific provision you are viewing.specified provision(s) amendment to earlier affecting provision S.I. 2010/2089 art. 5 by S.I. 2011/2196 art. 6specified provision(s) amendment to earlier affecting provision SI 2009/3250 art. 3(2) by S.I. 2011/2196 art. 5Changes and effects yet to be applied to the whole Act associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Blanket amendment words substituted by S.I. 2011/1043 art. 3 4Whole provisions yet to be inserted into this Act (including any effects on those provisions):s. 174A and cross-heading inserted by 2013 c. 33 s. 140(5)Commencement Orders yet to be applied to the Legal Services Act 2007Commencement OrdersThis section lists the commencement orders yet to be applied to the whole Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing. Where applicable the commencement orders are listed under two headings, firstly those that bring some part of the Act you are viewing into force and secondly, those that bring into force legislation that affects some part of the legislation you are viewing. If you are viewing a prospective version or there is a prospective version available there may be commencement orders listed here that are relevant to the provision you are viewing.Commencement Orders bringing legislation that affects this Act into force:S.I. 2010/2317 art. 2 3 commences (2010 c. 15)S.I. 2011/1066 art. 2 commences (2010 c. 15)S.I. 2011/2196 art. 2 commences (2007 c. 29)S.I. 2011/2329 art. 2 3 commences (2011 c. 5)Prospective Part 2 E+WApproval of restricted interests on application for licenceRequirement to identify non-authorised personsE+W10(1)Where a body applies to a licensing authority for a licence, it must identify in its application—E+W(a)any non-authorised person who holds a restricted interest in the body, or whom the body expects to hold such an interest when the licence is issued, and(b)the kind of restricted interest held, or expected to be held, by that person.(2)If, before the licence is issued, there is any change in—(a)the identity of the non-authorised persons within sub-paragraph (1)(a), or(b)the kind of restricted interest held, or expected to be held, by a person identified to the licensing authority under that sub-paragraph,the applicant must inform the relevant licensing authority within such period as may be specified by order made by the Lord Chancellor on the recommendation of the Board.
11(1)It is an offence for a person to fail to comply with a requirement imposed on the person by paragraph 10.E+W(2)A person who is guilty of an offence under sub-paragraph (1) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.(3)It is a defence for a person charged with an offence under sub-paragraph (1) to show that at the time of the alleged offence the person had no knowledge of the facts by virtue of which the duty to notify arose.12(1)This paragraph applies if a person under a duty to notify imposed by paragraph 10—E+W(a)had no knowledge of the facts by virtue of which that duty arose, but(b)subsequently becomes aware of those facts.(2)The person must give the licensing authority the required notification within such period, after the person becomes so aware, as may be specified by order made by the Lord Chancellor on the recommendation of the Board.(3)A person who fails to comply with the duty to notify imposed by sub-paragraph (2) is guilty of an offence.(4)A person who is guilty of an offence under sub-paragraph (3) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.Requirement to notify non-authorised personsE+W13(1)Where an applicant for a licence identifies a non-authorised person to a licensing authority in accordance with paragraph 10 or 12, it must give that person a notice—E+W(a)stating that it has applied for a licence and identified the person to the licensing authority in accordance with paragraph 10 or 12, and(b)explaining the effect of paragraph 14.(2)It is an offence for a person to fail to comply with a requirement imposed on it by sub-paragraph (1).(3)A person who is guilty of an offence under sub-paragraph (2) is liable on summary conviction to a fine not exceeding level 5 on the standard scale.Licensing authority's power to require informationE+W14(1)A licensing authority may require a non-authorised person identified to it in accordance with paragraph 10 or 12 to provide it with such documents and information as it may require.E+W(2)It is an offence for a person who is required to provide information or documents under sub-paragraph (1) knowingly to provide false or misleading information or documents.(3)A person who is guilty of an offence under sub-paragraph (2) is liable—(a)on summary conviction, to a fine not exceeding the statutory maximum, and(b)on conviction on indictment, to a term of imprisonment not exceeding 2 years or a fine (or both).Licence may not be granted unless non-authorised persons approvedE+W15(1)This paragraph applies where an applicant for a licence (“the applicant”) gives the licensing authority notification under paragraph 10 or 12 in relation to one or more non-authorised persons.E+W(2)The licensing authority may not grant the application for a licence unless, in relation to each non-authorised person in respect of which notification is given (“the investor”), it approves the investor's holding of the restricted interest to which the notification relates (“the notified interest”).(3)Sub-paragraph (2) does not apply in relation to a non-authorised person who does not hold the notified interest when the licence is issued.(4)In this Part of this Schedule, “the applicant”, “the investor” and “the notified interest” are to be construed in accordance with this paragraph.Unconditional approval of notified interestE+W16(1)If the licensing authority is satisfied that the approval requirements are met in relation to the investor's holding of the notified interest, it must approve the investor's holding of that interest without conditions.E+W(2)If the licensing authority approves the investor's holding of the notified interest without conditions, it must notify the investor and the applicant of its approval as soon as reasonably practicable.Conditional approval of notified interestE+W17(1)If the licensing authority is not satisfied that the approval requirements are met in relation to the investor's holding of the notified interest, it may approve the investor's holding of the notified interest subject to conditions.E+W(2)It may do so only if it considers that, if the conditions are complied with, it will be appropriate for the investor to hold the notified interest without the approval requirements being met.(3)If the licensing authority proposes to approve the investor's holding of the notified interest subject to conditions it must give the investor and the applicant a warning notice.(4)The warning notice must—(a)specify the nature of the conditions proposed and the reasons for their imposition, and(b)state that representations may be made to the licensing authority within the prescribed period.(5)The licensing authority must consider any representations made within the prescribed period.(6)If the licensing authority approves the investor's holding of the notified interest subject to conditions, it must notify the investor and the applicant of its approval as soon as reasonably practicable.(7)The notice must—(a)specify the reasons for the imposition of the conditions, and(b)explain the effect of Part 5 of this Schedule.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI1Sch. 13 para. 17 partly in force; Sch. 13 para. 17 not in force at Royal Assent see s. 211; Sch. 12 para. 17(4)(b)(5) in force for certain purposes at 1.1.2009 by S.I. 2008/3149, art. 2(d)(iv)18(1)The investor and the applicant may before the end of the prescribed period appeal to the relevant appellate body against the imposition of any or all of the conditions.E+W(2)The relevant appellate body may dismiss the appeal, or allow the appeal and—(a)order the licensing authority to approve the investor's holding of the notified interest without conditions, or subject to such conditions as may be specified in the order, or(b)remit the matter to the licensing authority.(3)A party to the appeal may before the end of the prescribed period appeal to the High Court on a point of law arising from the decision of the relevant appellant body, but only with the permission of the High Court.(4)The High Court may make such order as it thinks fit.(5)If the investor's holding of the notified interest is subject to conditions as a result of an order made on an appeal under this paragraph, for the purposes of this Schedule the conditions are to be treated as having been imposed under paragraph 17.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI2Sch. 13 para. 18 partly in force; Sch. 13 para. 18 not in force at Royal Assent see s. 211; Sch. 13 para. 18(1)(3) in force for certain purposes at 1.1.2009 by S.I. 2008/3149, art. 2(d)(iv)Objection to notified interestE+W19(1)If the licensing authority is not satisfied that the approval requirements are met in relation to the investor's holding of the notified interest, it may object to the investor's holding of that interest.E+W(2)If the licensing authority proposes to object to the investor's holding of the notified interest, it must give the investor and the applicant a warning notice.(3)The warning notice must—(a)specify the reasons for the proposed objection, and(b)state that representations may be made to the licensing authority within the prescribed period.(4)The licensing authority must consider any representations made within the prescribed period.(5)If the licensing authority objects to the investor's holding of the notified interest, it must notify the investor and the applicant of its objection as soon as reasonably practicable.(6)The notice must—(a)specify the reasons for the objection, and(b)explain the effect of Part 5 of this Schedule.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Commencement InformationI3Sch. 13 para. 19 partly in force; Sch. 13 para. 19 not in force at Royal Assent see s. 211; Sch. 13 para. 19(3)(b)(4) in force for certain purposes at 1.1.2009 by S.I. 2008/3149, art. 2(d)(iv)20(1)The investor and the applicant may before the end of the prescribed period appeal to the relevant appellate body against the objection.E+W(2)The relevant appellate body may dismiss the appeal, or allow the appeal and—(a)order the licensing authority to approve the investor's holding of the notified interest without conditions, or subject to such conditions as may be specified in the order, or(b)remit the matter to the licensing authority.(3)A party to the appeal may before the end of the prescribed period appeal to the High Court on a point of law arising from the decision of the relevant appellate body, but only with the permission of the High Court.(4)The High Court may make such order as it thinks fit.(5)If the investor's holding of the notified interest is subject to conditions as a result of an order made on an appeal under this paragraph, for the purposes of this Schedule the conditions are to be treated as having been imposed under paragraph 17.Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. 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