Part 4Regulation of approved regulators
The Board as approved regulator
66The Board's power to recommend orders made under section 62
1
The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section 62 in the form of a draft order prepared by the Board and annexed to the recommendation.
2
Before making a recommendation under this section, the Board must give each of the persons listed in subsection (3) a notice containing—
a
a copy of the proposed recommendation,
b
a copy of the proposed draft order, and
c
a statement specifying a period within which representations may be made about the proposals.
3
Those persons are—
a
the Lord Chancellor,
b
the OFT,
c
the Consumer Panel,
d
the Lord Chief Justice, and
e
such other persons as the Board considers it reasonable to consult regarding the proposals.
4
The Board must publish a notice given under subsection (2).
5
Before making the recommendation, the Board must have regard to any representations duly made (whether by persons within subsection (3) or otherwise).
6
If the draft order to be annexed to the recommendation differs from the draft contained in the notice under subsection (2) in a way which is, in the opinion of the Board, material, the Board must, before making the recommendation, publish the draft order along with a statement detailing the changes made and the reasons for those changes.