▁gained ▁Royal ▁Ass ent . ▁ ▁The ▁Act ▁out lines ▁the ▁general ▁functions ▁of ▁the ▁Board , ▁which ▁include : ▁a ▁duty ▁to ▁promote ▁the ▁regul atory ▁object ives ▁( and ▁act ▁in ▁a ▁way ▁which ▁it ▁cons iders ▁most ▁appropriate ▁for ▁the ▁purpose ▁of ▁meeting ▁those ▁object ives ); ▁to ▁assist ▁the ▁regul ators ▁in ▁the ▁maintenance ▁and ▁development ▁of ▁standards ▁of ▁reg ulation , ▁education ▁and ▁training ▁of ▁author ised ▁persons ; ▁to ▁have ▁regard ▁to ▁good ▁corpor ate ▁govern ance ▁practice ▁in ▁its ▁affairs ; ▁and ▁to ▁prepare ▁an ▁annual ▁report ▁detail ing ▁the ▁dis charge ▁of ▁its ▁functions ▁in ▁the ▁previous ▁financial ▁year ▁and ▁its ▁performance ▁in ▁line ▁with ▁the ▁regul atory ▁object ives . ▁ ▁It ▁also ▁over se es ▁the ▁Office ▁for ▁Leg al ▁Comp la ints ▁( the ▁body ▁responsible ▁for ▁admin ister ing ▁the ▁Leg al ▁O mb ud s man ▁scheme ), ▁and ▁makes ▁recommend ations ▁to ▁am end ▁the ▁list ▁of ▁reserved ▁legal ▁activities . ▁ ▁Reg ul atory ▁super vision ▁Reg ulation ▁of ▁the ▁legal ▁profession ▁is ▁the ▁responsibility ▁of ▁the ▁approved ▁regul ators ▁( AR s ). ▁The ▁L SB ▁is ▁responsible ▁for ▁over see ing ▁the ▁approved ▁regul ators ▁and ▁to ▁ensure ▁that ▁reg ulation ▁is ▁conducted ▁in ▁ad her ence ▁to ▁the ▁regul atory ▁object ives , ▁which ▁it ▁does ▁through ▁assess ment ▁against ▁a ▁regul atory ▁performance ▁framework . ▁The ▁L SB ▁is ▁responsible ▁for ▁ens uring ▁that ▁the ▁approved ▁regul ators ’ ▁representative ▁and ▁regul atory ▁functions