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 ”.