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:

Term

Definition

enter a multi-national practice

to become a manager of a multi-national practice whether by joining a multi-national practice or by being a manager of a practice unit which becomes a multi-national practice

 

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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