PART 12A

Powers exercisable in relation to parent undertakings

Power of direction

Statement of policy: directions under section 192C
192H
1
Each regulator must prepare and issue a statement of policy with respect to the giving of directions under section 192C.
2
A regulator may at any time alter or replace a statement issued under this section.
3
If a statement issued under this section is altered or replaced, the regulator must issue the altered or replacement statement.
4
In exercising or deciding whether to exercise its power under section 192C in any particular case, a regulator must have regard to any statement published under this section and for the time being in force.
5
A statement under this section must be published by the regulator concerned in the way appearing to the regulator to be best calculated to bring it to the attention of the public.
6
A regulator may charge a reasonable fee for providing a person with a copy of a statement published under this section.
7
A regulator must, without delay, give the Treasury a copy of any statement which the regulator publishes under this section.
Pt. 12A inserted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 27, 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c), Sch. Pts. 2, 3; S.I. 2013/423, art. 3, Sch.