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19(1)The Lord President must have regard to any representations made to the Lord President by the regulator, or any consultee under paragraph 18(2)(c), when deciding whether to proceed with the proposed measure.
(2)The Lord President must—
(a)give a notice of the Lord President’s decision (a “decision notice”) to the regulator,
(b)notify the consultees under paragraph 18(2)(c) of the Lord President’s decision,
(c)publish the decision notice in such manner as the Lord President considers most appropriate for bringing it to the attention of any relevant person or body.
(3)The decision notice must—
(a)explain the Lord President’s reasons for proceeding with the measure,
(b)set out the details of the action the Lord President is taking under the measure as required by the relevant Part of this schedule, and
(c)if appropriate, specify the date from which the measure will take effect (which may be the date on which that notice is given).
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