Part 7

Further provisions relating to the Board and the OLC

Guidance

Guidance
162
1
The Board may give guidance—
a
about the operation of this Act and of any order made under it;
b
about the operation of any rules made by the Board under this Act;
c
about any matter relating to the Board's functions;
d
for the purpose of meeting the regulatory objectives;
e
about the content of licensing rules;
f
about any other matters about which it appears to the Board to be desirable to give guidance.
2
Guidance under this section may consist of such information and advice as the Board considers appropriate.
3
The Board may give financial or other assistance to persons giving information or advice of a kind which the Board could give under this section.
4
The Board may—
a
publish its guidance,
b
offer copies of its published guidance for sale at a reasonable price, and
c
if it gives guidance in response to a request made by any person, make a reasonable charge for that guidance.
5
When exercising its functions, the Board may have regard to the extent to which an approved regulator has complied with any guidance issued under this section which is applicable to the approved regulator.
6
When exercising its functions—
a
in its capacity as an approved regulator by virtue of an order under section 62(1)(a), or
b
in its capacity as a licensing authority under Part 5,
the Board must have regard to any guidance it has issued under this section.