SCHEDULES
SCHEDULE 9Discipline and enforcement
PART 6Notice procedures
I1I235
1
Section 396 (statements under s.395: consultation) is amended as follows.
2
In subsection (1)—
a
after “a statement of” insert “
its
”
,
b
for “the Authority”, in the first place, substitute “
the regulator
”
,
c
for “the Authority”, in the second place, substitute “
it
”
, and
d
for “it” substitute “
the draft
”
.
3
In subsection (2), for “Authority” substitute “
regulator publishing the draft
”
.
4
In subsection (3), for “Before issuing the proposed statement of procedure, the Authority” substitute “
Before a regulator issues the proposed statement of its procedure, it
”
.
5
In subsection (4), for “Authority issues the proposed statement of procedure” substitute “
regulator issues the proposed statement of its procedure,
”
.
6
In subsection (5)—
a
for “statement of procedure differs from the draft published” substitute “
statement of the regulator's procedure differs from the draft published by it
”
,
b
for “, in the opinion of the Authority,” substitute “
, in its opinion,
”
, and
c
for “the Authority must” substitute “
it must
”
.
7
In subsection (6)—
a
for “The Authority” substitute “
The regulator publishing a draft under subsection (1)
”
, and
b
for “a draft published under subsection (1)” substitute “
the draft
”
.