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54.—(1) The Police and Crime Panels (Precepts and Chief Constable Appointments) Regulations 2012(1) are modified as follows.
(2) In regulation 4(2) (report on proposed precept), for “may issue the proposed precept as the precept” substitute “may determine that the proposed PCC component is the final amount of the PCC component”.
(3) In regulation 5(2) (veto: police and crime commissioner’s response), for “precept that he now proposes to issue” substitute “PCC component that he now proposes to determine”.
(4) In regulation 6(2) (panel’s review of revised precept)—
(a)in sub-paragraph (a), for “issuing the revised precept as the precept” substitute “finalising the revised precept as the PCC component to be determined”;
(b)in sub-paragraph (b), for “precept that should be issued” substitute “PCC component that should be determined”.
(5) In regulation 7 (police and crime commissioner’s consideration of second report), for “1st March” substitute “the penultimate working day in February”.
(6) In regulation 8 (issuing precept)—
(a)in paragraph (2)—
(i)in sub-paragraph (a), for “issue the revised precept as the precept” substitute “finalise the revised precept as the PCC component to be determined”;
(ii)in sub-paragraph (b), for “issue a different precept” substitute “finalise a different amount of the PCC component”;
(b)in paragraph (3)—
(i)in sub-paragraph (a), for “issue a precept” substitute “finalise the PCC component”;
(ii)in sub-paragraph (b), for “issue a precept” substitute “finalise the PCC component”.
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