The Courts and Legal Services Act 1990 (Modification of Power to Make Rules about Licensed Conveyancers) Order 2008
Section 21(2) of the Administration of Justice Act 1985 (c.61) allows the Council for Licensed Conveyancers to make rules for paying compensation to people who have suffered loss as a result of the negligence, fraud or dishonesty of licensed conveyancers in connection with their practice as licensed conveyancers, or as a result of their failure to account for money received by them in connection with their practices.