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Part VIU.K. Official Listing

Modifications etc. (not altering text)

C1Pt. VI (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)


94 Statements of policy: procedure.U.K.

(1)Before issuing a statement under section 93, the [F1FCA] must publish a draft of the proposed statement in the way appearing to the [F1FCA] to be best calculated to bring it to the attention of the public.

(2)The draft must be accompanied by notice that representations about the proposal may be made to the [F1FCA] within a specified time.

(3)Before issuing the proposed statement, the [F1FCA] must have regard to any representations made to it in accordance with subsection (2).

(4)If the [F1FCA] issues the proposed statement it must publish an account, in general terms, of—

(a)the representations made to it in accordance with subsection (2); and

(b)its response to them.

(5)If the statement differs from the draft published under subsection (1) in a way which is, in the opinion of the [F1FCA], significant, the [F1FCA] must (in addition to complying with subsection (4)) publish details of the difference.

(6)The [F1FCA] may charge a reasonable fee for providing a person with a copy of a draft published under subsection (1).

(7)This section also applies to a proposal to alter or replace a statement.

Textual Amendments

F1Words in ss. 89A-97 substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(g), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.