27SThe regulations may provide—
(a)for regulators to have regard to any specified general principles, and to any directions or guidance given under the regulations—
(i)in determining any general binding rules,
(ii)in imposing any conditions as mentioned in paragraph 6(2) or 10(3),
(iii)in setting any standard rules they may make by virtue of paragraph 11(2),
(b)for such guidance to include the sanctioning of reliance by a regulator on any arrangements referred to in the guidance to operate to secure a particular result as an alternative to imposing any such conditions,
(c)for such conditions to be imposed by reference to agreements between or among persons authorised to carry on regulated activities as to the carrying on by them of the activities.
Commencement Information
I1Sch. 2 para. 27 in force at 30.6.2014 by S.S.I. 2014/160, art. 2(1)(2), Sch.