Part XVIII Recognised Investment Exchanges and Clearing Houses

Chapter II Competition Scrutiny

Role of the Treasury

309 Statements by the Treasury.

1

If, in reliance on subsection (3)(a) or (b) of section 308, the Treasury decline to act under subsection (2) of that section, they must make a statement to that effect, giving their reasons.

2

If the Treasury give a direction under section 308 they must make a statement giving—

a

details of the direction; and

b

if the direction is given under subsection (6) of that section, their reasons for giving it.

3

The Treasury must—

a

publish any statement made under this section in the way appearing to them best calculated to bring it to the attention of the public; and

b

lay a copy of it before Parliament.