SCHEDULES
SCHEDULE 4Approved regulators
Part 3Alteration of approved regulator's regulatory arrangements
Representations by applicant
I123
1
The Board must give the approved regulator a copy of any advice obtained under paragraph 22.
2
The approved regulator may make to the Board—
a
written representations, and
b
if the Board authorises it to do so, oral representations,
about the advice.
3
The Board must make rules governing the making of oral and written representations.
4
Representations under this paragraph must be made within—
a
the period of 28 days beginning with the day on which the copy of the advice is given to the approved regulator, or
b
such longer period as the Board may specify in a particular case.
5
Where oral representations are made, the Board must prepare a report of those representations.
6
Before preparing that report, the Board must—
a
give the approved regulator a reasonable opportunity to comment on a draft of the report, and
b
have regard to any comments duly made.