[identity profile] quem98.livejournal.com posting in [community profile] learn_russian
In this sentence:

Осуществлению деятельности, отнесенной законодательством к лицензируемой, предшествует получение Обществом соответствующей лицензии (лицензий) в установленном порядке.

What does лицензируемой refer to? a party or activity or what?

So far I've got as a possible translation:
The implementation of activity, ascribed to the licenced party by the legislation, is preceded by the company receiving the corresponding licenses (license) in the established order.

*Edit*

Got it. Thanks a bunch.
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