Financial Services and Markets Act 2000

[F1ConsultationE+W+S+N.I.

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Amendments (Textual)

16G(1)If the scheme operator proposes to make consumer credit rules, it must publish a draft of the proposed rules in the way appearing to it to be best calculated to bring the draft to the attention of the public.E+W+S+N.I.

(2)The draft must be accompanied by—

(a)an explanation of the proposed rules; and

(b)a statement that representations about the proposals may be made to the scheme operator within a specified time.

(3)Before making any consumer credit rules, the scheme operator must have regard to any representations made to it in accordance with sub-paragraph (2)(b).

(4)If consumer credit rules made by the scheme operator differ from the draft published under sub-paragraph (1) in a way which the scheme operator considers significant, the scheme operator must publish a statement of the difference.]