Legal Services Regulation Act 2015

129.

Ceasing to operate as a limited liability partnership

129. (1) Where a limited liability partnership intends to cease operating as a limited liability partnership it shall notify the Authority in writing of its intention and the date on which it intends to cease to so operate.

(2) An authorisation issued to a limited liability partnership under section 125 shall stand revoked from such date as is specified in a notification given to the Authority in accordance with subsection (1).

(3) An authorisation issued to a limited liability partnership under section 125 shall stand revoked from such date as the limited liability partnership ceases to have professional indemnity insurance in place as required by that section.

(4) A notification under subsection (1) shall be in such form and accompanied by such fee (if any) as may be prescribed by regulations made under section 130 .