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(1)Subsection (2) applies if the Treasury are considering—
(a)whether to refuse their approval under section 307;
(b)whether section 308(2) applies; or
(c)whether to give a direction under section 308(6).
(2)The Treasury must—
(a)take such steps as they consider appropriate to allow the exchange or clearing house concerned, and any other person appearing to the Treasury to be affected, an opportunity to make representations—
(i)about any report made by the [F1OFT] under section 303 or 304 or by the Competition Commission under section 306;
(ii)as to whether, and if so how, the Treasury should exercise their powers under section 307 or 308; and
(b)have regard to any such representations.
Textual Amendments
F1Words in s. 310 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(14)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)
Commencement Information
I1S. 310 wholly in force at 1.12.2001; s. 310 not in force at Royal Assent see s. 431(2); s. 310 in force for specified purposes at 3.9.2001 by S.I. 2001/2632, art. 2(2), Sch. Pt. 2; s. 310 in force in so far as not already in force at 1.12.2001 by S.I. 2001/3538, art. 2(1)