[F1 PART 2 U.K. Regulatory Enforcement

Textual Amendments

F1 Pt. 2 substituted (4.5.2016 for specified purposes, 1.10.2017 in so far as not already in force) by Enterprise Act 2016 (c. 12), ss. 20(1), 44(1)(c); S.I. 2017/473, reg. 3(b)

Primary authorities U.K.

23B Nomination of primary authorities U.K.

(1) The Secretary of State may only nominate a qualifying regulator as a direct primary authority if the regulator and the regulated person have agreed in writing to the nomination.

(2) The Secretary of State may only nominate a qualifying regulator as a co-ordinated primary authority if—

(a) there is a co-ordinator of the regulated group, and

(b) the regulator and the co-ordinator have agreed in writing to the nomination.

(3) The Secretary of State may at any time revoke a nomination under section 23A(1).

(4) The Secretary of State must—

(a) maintain, or cause to be maintained, a register of nominations under section 23A(1), and

(b) make the register available for inspection free of charge.]