PART 4SPECIFIC PROVISION FOR TRADE REPOSITORIES
CHAPTER 2ENFORCEMENT PROVISIONS RELATING TO TRADE REPOSITORIES
Statement of policy: procedure70
1
Before the FCA issues a statement under regulation 69, the FCA must publish a draft of the proposed statement in the way appearing to the FCA to be best calculated to bring it to the attention of the public.
2
The draft must be accompanied by a notice that representations about the proposed statement may be made to the FCA within a specified time.
3
Before issuing the proposed statement the FCA must have regard to any representations made to it in accordance with paragraph (2).
4
If the FCA issues the proposed statement it must publish an account, in general terms, of—
a
the representations made to it in accordance with paragraph (2); and
b
its response to them.
5
If the statement differs from the draft published under paragraph (1) in a way which is, in the opinion of the FCA, significant, the FCA must (in addition to complying with paragraph (4)) publish details of the difference.
6
The FCA may charge a reasonable fee for providing a person with a copy of a draft published by it under paragraph (1).
7
This regulation also applies to a proposal to alter or replace a statement.