C5 Part V Performance of Regulated Activities

Annotations:
Modifications etc. (not altering text)
C5

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))

F9Conduct of approved persons and others

Annotations:
Amendments (Textual)
F9

Ss. 64A, 64B and cross-heading inserted (25.7.2014 for specified purposes, 7.3.2016 for specified purposes) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 30(3), 148(5); S.I. 2014/1819, art. 2(2)(c); S.I. 2015/490, art. 2(1)(d) (as inserted by S.I. 2015/2055, art. 2(4) and with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))

C1C2C3C4C6C7C870 Statements of policy: procedure.

1

Before F1a regulator issues a statement under section 69, the F2regulator must publish a draft of the proposed statement in the way appearing to the F2regulator 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 F3regulator within a specified time.

3

Before issuing the proposed statement, the F4regulator must have regard to any representations made to it in accordance with subsection (2).

4

If the F5regulator 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 F6regulator, significant, the F6regulator must (in addition to complying with subsection (4)) publish details of the difference.

6

F7A regulator may charge a reasonable fee for providing a person with a copy of a draft published F8by it under subsection (1).

7

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