5. Standards published from time to time by the Money and Pensions Service or by the Regulator or by the Financial Conduct Authority count as standards for the purposes of these Regulations only if—
(a)where standards are published for the first time, they have been approved by the Secretary of State;
(b)where standards have been published before (having been approved by the Secretary of State) and are being published again in amended form—
(i)they have been approved by the Secretary of State, or
(ii)they only contain amendments that in the view of the Money and Pensions Service involve minor technical changes.
Commencement Information
I1Reg. 5 in force at 12.12.2022, see reg. 1(2)