SCHEDULE 2Directions

Notice of intention

I1I23

1

Before giving a direction to an approved regulator under this schedule, the Scottish Ministers must give it a notice (a “notice of intention”) of their intention to do so.

2

The notice of intention must—

a

state that the Scottish Ministers intend to give a direction,

b

indicate the terms of the proposed direction (including the date by which it would have to be complied with),

c

explain why the Scottish Ministers are satisfied as mentioned in paragraph 1.