Alan Shatter (Dublin South, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I move amendment No. 169:

In page 67, between lines 22 and 23 but in Part 7, to insert the following:
“Regulations on operation of legal partnerships and multi-disciplinary practices
85. (1) The Authority shall make regulations in relation to the operation and management of a legal partnership or a multi-disciplinary practice.
(2) Without prejudice to the generality of subsection (1), regulations in relation to the operation and management of a multi-disciplinary practice may—(a) specify procedures that are to be included in the written procedures referred to in section 79(1), and
(b) provide for—

(i) the type or types of bank accounts that may be opened and kept by a multidisciplinary practice, and the opening and keeping of such accounts;
(ii) the accounting records to be maintained by a legal practitioner who is a partner in or an employee of a multi-disciplinary practice arising from the provision by him of legal services, including the minimum period or periods for which accounting records shall be retained by a legal practitioner during the period of, and following the conclusion of, the provision of legal services;
(iii) the keeping by a legal practitioner referred to in subparagraph (ii) of accounting records containing particulars of and information as to moneys received, held, controlled or paid by him arising from the provision by him or her of legal services, for or on account of a client or any other person or himself.

(3) In making regulations under this Part, the Authority shall have regard to the objectives referred to in section 9(4).”.