9(1)Regulations shall enable the Regulator to issue one or more codes of practice about the professional conduct of authorised persons.E+W
(2)Regulations under sub-paragraph (1) shall include provision—
(a)about the manner in which a code is to be prepared and published (which may, in particular, include provision requiring—
(i)consultation;
(ii)the submission of a draft to the Secretary of State for approval);
(b)about the consequences of failure to comply with a code (which may, in particular—
(i)provide for compliance with a code to be treated as a condition of authorisations;
(ii)enable the Regulator to impose conditions on, suspend or cancel authorisations).