(6) means– “shares” (a) in relation to a body with a share capital, allotted shares (within the meaning of the Companies Acts); (b) in relation to a body with capital but no capital, rights to share in the capital of the body; (c) in relation to a body without capital, interests– (i) conferring any right to share in the profits, or liability to contribute to the losses, of the body, or (ii) giving rise to an obligation to contribute to the debts or expenses of the body in the event of a winding up; and references to the holding of shares, or to a shareholding, are to be construed accordingly. Definition of a licensable body which has been granted a a licensable body which has been granted a licence licence by a licensing authority to undertake by the Bar Standards Board or other licensing reserved legal activities authority to undertake reserved legal activities body’ ‘licensed Definition of means any individual who is not a BSB authorised means any individual who is not a BSB authorised individual or an authorised (non-BSB) individual individual or an authorised (non-BSB) individual but but who is directly or indirectly employed by a who is directly or indirectly employed by a individual’ ‘non-authorised Chambers, BSB legal services body and/or a Chambers, BSB legal services body and/or a licensed body, or a BSB authorised person licensed body, or a BSB authorised person
(6) “shares” means– (a) in relation to a body with a share capital, allotted shares (within the meaning of the Companies Acts); (b) in relation to a body with capital but no capital, rights to share in the capital of the body; (c) in relation to a body without capital, interests– (i) conferring any right to share in the profits, or liability to contribute to the losses, of the body, or (ii) giving rise to an obligation to contribute to the debts or expenses of the body in the event of a winding up; and references to the holding of shares, or to a shareholding, are to be construed accordingly. Definition of ‘licensed body’ a licensable body which has been granted a licence by a licensing authority to undertake reserved legal activities a licensable body which has been granted a licence by the Bar Standards Board or other licensing authority to undertake reserved legal activities Definition of ‘non-authorised individual’ means any individual who is not a BSB authorised individual or an authorised (non-BSB) individual but who is directly or indirectly employed by a Chambers, BSB legal services body and/or a licensed body, or a BSB authorised person means any individual who is not a BSB authorised individual or an authorised (non-BSB) individual but who is directly or indirectly employed by a Chambers, BSB legal services body and/or a licensed body, or a BSB authorised person
new_provisions_table_25_june_2018.docx