Common use of Commentary Clause in Contracts

Commentary. A firm which has continued to practise without qualifying insurance immediately prior to closing down is required to apply for run-off cover through the ARP, but the firm and any principal of the firm may still face action for a breach of Rule

Appears in 6 contracts

Samples: legalservicesboard.org.uk, www.legalservicesboard.org.uk, www.sra.org.uk

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Commentary. A firm which has continued to practise without qualifying insurance immediately prior to closing down is required to apply for run-off cover through the ARP, but the firm and any principal of the firm may still face action for a breach of RuleRule 5.1 for practising without qualifying insurance.

Appears in 1 contract

Samples: Authority Agreement

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