382Regulations and rules—pt 3.5

382 Regulations and rules—pt 3.5 (1) A regulation or the legal profession rules may make provision in (a) regulated mortgages, including run-out mortgages; and (b) the involvement of solicitors in managed investment schemes. (2) In particular, a regulation or the legal profession rules may make provision in relation to the following: (a) the making of and acting in relation to regulated mortgages by solicitors; (b) how the law society council is to be given any notice or other information under this part; (c) how notices are to be given under this part; (d) ensuring that the operation of a managed investment scheme by a responsible entity is kept separate from a solicitor’s practice; (e) ensuring that clients of a solicitor are aware that the operation of a managed investment scheme does not form part of the solicitor’s practice.