Examples of Licensed Body in a sentence
Licensed Body means a body which holds a licence in force under Part 5 of the Legal Services Act 2007 issued by the CLC.
Practice means the Recognised Body or Licensed Body named in the Evidence of Insurance and shall include any Practice which is the Predecessor or Successor to that Practice.
Predecessor means a Recognised Body or Licensed Body whose Practice has been wholly or partially merged with or acquired by the Insured Practice or one of its Predecessors to be insured under this insurance through the application of provisions equivalent to those in General Conditions 8.11 in the Successor Practice’s insurance policy.
Therefore the Overriding Principles and Outcomes of our regulatory arrangements are devised to support them and a body’s licence application will be assessed in light of these; on receipt of the application and validation of relevant data we will carry out an assessment of the risks posed to delivery of the Outcomes and compliance with the Licensed Body Code if we approve the application for a licence.
On the basis that the standard application will take 2 days to process the fee for a first time Licensed Body application is £1200.