99.This section allows the Lord President to revoke the approval of an application under section 28 where it appears to the Lord President that the body that made the application has failed to comply with a direction under section 32 or 33. Before revoking an approval, the Lord President must consult each person who is authorised by the accredited regulator to provide legal services and must ask whether those providers would like another category 1 or category 2 regulator to authorise them to exercise their acquired rights (and to so regulate their exercise of those rights), or whether they wish to form a body and submit an application under section 23 seeking accreditation.
Background Part 1 – Regulatory Framework Review of regulatory scheme Section 34 – Revocation of acquired rights