C1Part V Performance of Regulated Activities

Annotations:
Modifications etc. (not altering text)
C1

Pt. V (ss. 56-71) modified (1.12.2001) by S.I. 2001/3592, arts. 1(2), 114(3)(a), 128(3)(a) (with art. 23(2))

F1Performance of controlled functions without approval

Annotations:
Amendments (Textual)
F1

Ss. 63A-63D and preceding cross-heading inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 11, 26(2)(b)

63DStatement of policy: procedure

1

Before issuing a statement under section 63C, the Authority must publish a draft of the proposed statement in the way appearing to the Authority to be best calculated to bring it to the attention of the public.

2

The draft must be accompanied by notice that representations about the proposal may be made to the Authority within a specified time.

3

Before issuing the proposed statement, the Authority must have regard to any representations made to it in accordance with subsection (2).

4

If the Authority issues the proposed statement it must publish an account, in general terms, of—

a

the representations made to it in accordance with subsection (2); and

b

its response to them.

5

If the statement differs from the draft published under subsection (1) in a way which is, in the opinion of the Authority, significant, the Authority must (in addition to complying with subsection (4)) publish details of the difference.

6

The Authority may charge a reasonable fee for providing a person with a copy of a draft published under subsection (1).

7

This section also applies to a proposal to alter or replace a statement.