SCHEDULES
SCHEDULE 7Directions: procedure
Decision by the Board
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1
After considering—
a
any advice duly given under paragraphs 4 to 8,
b
any representations duly made under paragraph 10, and
c
any other information which the Board considers relevant,
the Board must decide whether to give the approved regulator the proposed direction.
2
The Board must give notice of its decision (“the decision notice”) to the approved regulator.
3
Where the Board decides to give the proposed direction, the decision notice must—
a
contain the direction,
b
state the time at which the direction is to take effect, and
c
specify the Board's reasons for the decision to give the direction.
4
The Board must publish the decision notice.