SCHEDULE 3Censure

Notice of intention

4

(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.