Textual Amendments
F1Pt. 1A inserted (24.1.2013 for the insertion of ss. 9I(2), 9L, 9N for specified purposes and for the insertion of s. 9ZA, 19.2.2013 for the insertion of s. 9B for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 4(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.
(1)The Financial Policy Committee may make recommendations to the Treasury.
(2)The recommendations may, in particular, relate to the exercise by the Treasury of their power to make orders under—
(a)section 9L (macro-prudential measures),
(b)section 22(1) or (1A) of FSMA 2000 (regulated activities),
(c)section 22A(1) of that Act (designation of activities requiring prudential regulation by PRA),
(d)section 137D(1)(b) of that Act (purposes for which FCA may make product intervention rules), or
(e)section 165A(2)(d) of that Act (additional persons who may be required by PRA to provide information).
(3)The recommendations must be made or confirmed in writing.
(4)The Committee may make a recommendation under subsection (2)(e) only if it considers that the exercise by the Treasury of their power to make an order under section 165A(2)(d) of FSMA 2000 in the manner proposed is desirable for the purposes of the exercise by the Committee of its functions.
(5)Before giving a recommendation under subsection (2)(e), the Committee must consult the Treasury.]