(1)An approved regulator must prepare and issue a statement of policy as to how, in exercising its functions under this Part, it will comply with its duties under section 77.
(2)The approved regulator—
(a)may revise the policy statement,
(b)if it does so, must re-issue the policy statement.
(3)The approved regulator may issue (or re-issue) the policy statement only with the approval of the Scottish Ministers.
(4)The approved regulator must publish the policy statement as issued (or re-issued).
(5)In exercising its functions under this Part, the approved regulator must have regard to the policy statement as issued (or re-issued).
Commencement Information
I1S. 78 in force at 1.4.2011 by S.S.I. 2011/180, art. 3, Sch.