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8(1)Regulations shall require the Regulator to prescribe rules for the professional conduct of authorised persons.E+W
(2)Regulations under sub-paragraph (1) shall include provision—
(a)about the manner in which rules are to be prepared and published (which may, in particular, include provision requiring—
(i)consultation;
(ii)the submission of a draft to the Secretary of State for approval);
(b)about the consequences of failure to comply with the rules (which may, in particular, include—
(i)provision for rules to be treated as conditions of authorisations;
(ii)provision enabling the Regulator to impose conditions on, suspend or cancel authorisations).