Part XVIII

Recognised Investment Exchanges and Clearing Houses
Chapter II

Competition Scrutiny

Role of the Treasury

Statements by the Treasury
309
1
If, in reliance on subsection (3)(a) or (b) of section 308, the Treasury decline to act under subsection (2) of that section, they must make a statement to that effect, giving their reasons.
2
If the Treasury give a direction under section 308 they must make a statement giving—
a
details of the direction; and
b
if the direction is given under subsection (6) of that section, their reasons for giving it.
3
The Treasury must—
a
publish any statement made under this section in the way appearing to them best calculated to bring it to the attention of the public; and
b
lay a copy of it before Parliament.