Part XIV Disciplinary Measures

211 Statements of policy: procedure.

(1)

Before F1a regulator issues a statement under section 210, the F2regulator must publish a draft of the proposed statement in the way appearing to the F2regulator 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 F3regulator within a specified time.

(3)

Before issuing the proposed statement, the F3regulator must have regard to any representations made to it in accordance with subsection (2).

(4)

If the F3regulator 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 F4regulator, significant, the F4regulator must (in addition to complying with subsection (4)) publish details of the difference.

(6)

F5A regulator 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.