The SRA Handbook is no longer in effect. It was replaced by the SRA Standards and Regulations on 25 November 2019.
Eligibility criteria and fundamental requirements for licensed bodies
Version 21 of the Handbook was published on 06/12/2018. For more information, please click 'History' Above
Rule 14: Eligibility criteria and fundamental requirements for licensed bodies
To be eligible to be a licensed body, a body must comply with the lawyer manager requirement set out in Rule 14.2 below and be a "licensable body", as defined under section 72 of the LSA, and as set out in Rule 14.3 to 14.6 below.
A body ("B") is also a licensable body if:
A body may be a licensable body by virtue of both 14.3 and 14.4.
For the purposes of this rule, a non-authorised person has an indirect interest in a licensable body if the body is a licensable body by virtue of 14.4 and the non-authorised person is entitled to exercise, or control the exercise of, voting rights in A.