SCHEDULES
F1SCHEDULE 1ZBThe Prudential Regulation Authority
PART 3Penalties and fees
Penalties
30
1
The scheme details must be published by the PRA in the way appearing to it to be best calculated to bring them to the attention of the public.
2
Before making the financial penalty scheme, the PRA must publish a draft of the proposed scheme in the way appearing to the PRA to be best calculated to bring it to the attention of the public.
3
The draft must be accompanied by notice that representations about the proposals may be made to the PRA within a specified time.
4
Before making the scheme, the PRA must have regard to any representations made to it in accordance with sub-paragraph (3).
5
If the PRA makes the proposed scheme, it must publish an account, in general terms, of—
a
the representations made to it in accordance with sub-paragraph (3), and
b
its response to them.
6
If the scheme differs from the draft published under sub-paragraph (2) in a way which is, in the opinion of the PRA, significant, the PRA must (in addition to complying with sub-paragraph (5)) publish details of the difference.
7
The PRA must, without delay, give the Treasury a copy of any scheme details published by it.
8
The PRA may charge a reasonable fee for providing a person with a copy of—
a
a draft published under sub-paragraph (2);
b
scheme details.
9
Sub-paragraphs (2) to (6) and (8)(a) also apply to a proposal to alter or replace the financial penalty scheme.
Schs. 1ZA, 1ZB substituted for Sch. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 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.