Part VI Official Listing

Penalties

94 Statements of policy: procedure.

(1)

Before issuing a statement under section 93, the F1FCA must publish a draft of the proposed statement in the way appearing to the F1FCA 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 F1FCA within a specified time.

(3)

Before issuing the proposed statement, the F1FCA must have regard to any representations made to it in accordance with subsection (2).

(4)

If the F1FCA 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 F1FCA, significant, the F1FCA must (in addition to complying with subsection (4)) publish details of the difference.

(6)

The F1FCA 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.