Textual Amendments
F1Pt. 8A inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 8, 26(2)(b)
Textual Amendments
F2Word 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)
(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.]
Textual Amendments
F3Word in Pt. 8A substituted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 25(1), 122(3) (with s. 25(2), Sch. 20); S.I. 2013/423, art. 3, Sch.