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SCHEDULES

SCHEDULE 9E+WCancellation of designation as approved regulator

Advice of the Consumer PanelE+W

5(1)The Consumer Panel must give the Board such advice as it thinks fit regarding whether the proposed recommendation should be made.E+W

(2)In deciding what advice to give, the Consumer Panel must, in particular, have regard to the likely impact on consumers of making an order under section 45 in accordance with the proposed recommendation.