Rule D8.1: Entering a Multi-national practice
Definitions
8.1.1 In this rule 8.1, unless the context
otherwise requires, terms listed in the first column of rule 8.1.1
shall have the meanings respectively ascribed to them in the second
column of that rule:
Restriction
8.1.2 You may not enter a multi-national
practice having any place of business in Scotland
unless you obtain the approval of the Council in terms of rule
8.1.3.
Application
8.1.3 If you wish to seek the approval of
the Council in terms of rule 8.1.2
you shall, at least three months prior to the anticipated date of
your entering the multi-national
practice, submit to the
Council an
application in such form as may be prescribed from time to time by
the Council. Where more than one
person is seeking the approval of the Council in terms of this rule
then those persons may jointly submit an application in terms of
this rule.
Giving of approval
8.1.4 Where the Council is satisfied, on
receiving your application in terms of rule 8.1.3:
(a) that you
will on its approval being given be a manager of a multi-national
practice, and
(b) that
the multi-national
practice of which you will be
a manager is or will be so
regulated as to make it appropriate for you to be allowed to enter
it, the Council may approve your
entering that practice.
8.1.5 Where you have been given approval to
enter into a practice in terms of rule 8.1.4,
the Council may withdraw that
approval if at any time it ceases to be satisfied that either of
the conditions set out in rule 8.1.4 remains true.
Charging of fees
8.1.6 The Council may charge a fee to be
prescribed from time to time by the Council in respect of its
examination of an application submitted in terms of rule
8.1.3.
Provision of information
8.1.7 While you remain a manager of a multi-national
practice, you shall inform
the Council of any changes to the
information which was supplied by you in any application made to
the Council to enter into
that multi-national
practice in terms of rule 8.1.3.
8.1.8 If you cease to be a manager of a multi-national
practice you shall inform the Council of that fact.
Approved multi-national
practices
8.1.9 The Council may maintain a list
of multi-national
practice which regulated persons may
enter without seeking its approval in terms of rule 8.1.2, and may
require the managers of
any multi-national
practice wishing to be added to or to remain on
any such list to supply such information as it may require.
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