(1) The regulations may make provision for or with respect to the following:
(a) regulated mortgages, including run-out mortgages;
(b) the involvement of legal practitioners in managed investment schemes.
(2) In particular, the regulations may make provision for or with respect to the following:
(a) the negotiation of the making of or acting in relation to regulated mortgages by legal practitioners;
(b) the way in which the Law Society is to be given any notice or other information under this Part.