Dealing in investments as principal: statement of policyU.K.
8.—(1) The PRA must prepare and issue a statement of its policy with respect to—
(a)the exercise of the power to designate under article 3;
(b)the discharge of its duty to review designations under article 5; and
(c)the exercise of the power to withdraw a designation under article 6.
(2) The statement of policy must include—
(a)an indication of the matters that the PRA may take into account in exercising its powers under article 3 or 6 or in discharging its duty under article 5; and
(b)the procedures that the PRA proposes to follow in relation to the exercise of its powers under article 3 or 6.
(3) The PRA may at any time alter or replace a statement issued under this article.
(4) If a statement issued under this article is altered or replaced, the PRA must issue the altered or replaced statement.
(5) A statement under this article must be published by the PRA in the way appearing to it to be best calculated to bring it to the attention of the public.
(6) In exercising or deciding whether to exercise its powers under article 3 or 6 in any particular case, and in discharging its duty under article 5, the PRA must have regard to any statement published under this article and for the time being in force.
(7) The PRA must, without delay, give the Treasury a copy of any statement which the PRA publishes under this article.