(1) The Treasury may by order designate bodies for the purposes of this Part.
(2) A body designated under subsection (1) is referred to in this Part as a designated professional body.
(3) The Treasury may designate a body under subsection (1) only if they are satisfied that—
(a) the basic condition, and
(b) one or more of the additional conditions,
are met in relation to it.
(4) The basic condition is that the body has rules applicable to the carrying on by members of the profession in relation to which it is established of regulated activities which, if the body were to
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