SCHEDULE 3Censure

Notice of intention

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1

If, after consulting under paragraph 3, the Scottish Ministers intend to proceed with making the statement, they must give the approved regulator a notice (a “notice of intention”) of that intention.

2

The notice of intention must—

a

state that the Scottish Ministers intend to publish the statement,

b

specify the date on which they intend to publish the statement (which must be after the expiry of the period mentioned in paragraph 5(1)),

c

set out the terms of the proposed statement,

d

specify—

i

the act or omission (or series of acts or omissions), or

ii

the failure,

to which the proposed statement relates.