Part 1Special Resolution Regime

Chapter 3 Special resolution action

Objectives and code

6Code of practice: procedure

F1(1)

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F2(2)

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(3)

The Treasury may revise and re-issue the code of practice.

F3(4)

Before re-issuing the code of practice the Treasury must consult—

(a)

the PRA,

(b)

the FCA,

(c)

the Bank of England, and

(d)

the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000).

(5)

As soon as is reasonably practicable after re-issuing the code of practice the Treasury shall lay a copy before Parliament.