Part 1Special Resolution Regime

Objectives and code

I16Code of practice: procedure

1

Before issuing the code of practice the Treasury must consult—

a

the FSA,

b

the Bank of England, and

c

the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000).

2

As soon as is reasonably practicable after issuing the code of practice the Treasury shall lay a copy before Parliament.

3

The Treasury may revise and re-issue the code of practice.

4

Subsections (1) and (2) apply to re-issue as to the first issue.