C1 Part 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)

C2C3C463DStatement of policy: procedure

1

Before F2a regulator issues a statement under section 63C, the F3regulator must publish a draft of the proposed statement in the way appearing to the F3regulator 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 F4regulator within a specified time.

3

Before issuing the proposed statement, the F5regulator must have regard to any representations made to it in accordance with subsection (2).

4

If the F6regulator 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 F7regulator, significant, the F7regulator must (in addition to complying with subsection (4)) publish details of the difference.

6

F8A regulator may charge a reasonable fee for providing a person with a copy of a draft published F9by it under subsection (1).

7

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