F1Part 8AShort selling

Annotations:
Amendments (Textual)
F1

Pt. 8A inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 8, 26(2)(b)

Breach of short selling F2regulationetc

Annotations:
Amendments (Textual)
F2

Word in cross-heading preceding s. 131G substituted (1.11.2012) by The Financial Services and Markets Act 2000 (Short Selling) Regulations 2012 (S.I. 2012/2554), regs. 1(1), 2(6)

131KStatement of policy: procedure

1

Before issuing a statement under section 131J, the F3FCA must publish a draft of the proposed statement in the way appearing to the F3FCA to be best calculated to bring it to the attention of the public.

2

The draft must be accompanied by notice that representations about the proposal may be made to the F3FCA within a specified time.

3

Before issuing the proposed statement, the F3FCA must have regard to any representations made to it in accordance with subsection (2).

4

If the F3FCA issues the proposed statement it must publish an account, in general terms, of—

a

the representations made to it in accordance with subsection (2); and

b

its response to them.

5

If the statement differs from the draft published under subsection (1) in a way which is, in the opinion of the F3FCA, significant, the F3FCA must (in addition to complying with subsection (4)) publish details of the difference.

6

The F3FCA may charge a reasonable fee for providing a person with a copy of a draft published under subsection (1).

7

This section also applies to a proposal to alter or replace a statement.