(1)The YPLA must—
(a)prepare a statement of its policy with respect to the exercise of its intervention powers,
(b)keep the statement under review, and
(c)revise the statement, if it thinks it appropriate in consequence of the review.
(2)When preparing a statement or revised statement of its policy, the YPLA must—
(a)undertake such consultation as it thinks appropriate, and
(b)consider any representations made to it about the policy to be set out in the statement.
(3)The YPLA must send a copy of the statement or the revised statement to the Secretary of State for approval.
(4)The YPLA must publish the statement, or revised statement, as soon as practicable after it has been approved by the Secretary of State.
(5)The YPLA must have regard to the statement, or revised statement, most recently published under subsection (4) in exercising, or deciding whether to exercise, any of its intervention powers.
(6)The YPLA’s intervention powers are its powers under—
(a)section 67;
(b)section 56H of the Further and Higher Education Act 1992 (c. 13);
(c)section 56I of that Act.