Notification of the ownership

The fact of an ownership interest must be notified to the Board in writing. The interest must be notified as soon as practicable after the interest is acquired or the barrister ceases to be an employee or manager of the LDP in question, as the case may be. At present, the rules do not require the extent or nature of the ownership interest to be disclosed to the Board. If the extent or nature of the interest is material to any client of the barrister, however, that does not mean that the extent or nature need not be disclosed to the client, as explained below. The Board intends to keep that matter under review and the rules may change in future.