Part 7Further provisions relating to the Board and the OLC
Voluntary arrangements
165Procedure for making orders under section 164
1
The Lord Chancellor may make an order under section 164(2) only on the recommendation of an interested body.
2
An interested body must, if requested to do so by the Lord Chancellor, consider whether or not it is appropriate to make a recommendation for such an order.
3
An interested body must, before making a recommendation for such an order—
a
publish a draft of the proposed recommendation,
b
invite representations regarding the proposed recommendation, and
c
consider any such representations which are made.
4
Where the Lord Chancellor receives a recommendation from an interested body for an order under section 164(2), the Lord Chancellor must consider whether to follow the recommendation.
5
If the Lord Chancellor decides not to follow the recommendation, the Lord Chancellor must publish a notice to that effect which includes the Lord Chancellor’s reasons for the decision.
6
In this section “interested body” means—
a
the OLC,
b
the Board, or
c
the Consumer Panel.