PART 2

Regulatory Enforcement

Primary authorities

Nomination of primary authorities
23B
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.
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)