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Legal Services Act 2007

Legal Services Act 2007 Sch 14 para 6

Sch 14 para 6

(1) The licensing authority may make rules governing its treatment of sums vested in it under paragraph 3 or 4(3). (2) The rules may, in particular, make provision in respect of cases where the licensing authority, having taken such steps to do so as are reasonable in all the circumstances of the case, is unable to trace the person or persons beneficially entitled to any sum vested in the licensing authority under paragraph 3 or 4(3) (including provision which requires amounts to be paid into or out of any fund maintained by the licensing authority in connection with its compensation arrangements).

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