20(1)An application by an approved regulator for the Board to approve an alteration or alterations of its regulatory arrangements must be made in such form and manner as the Board may specify in rules.E+W
(2)The application must be accompanied by—
(a)details of such of the approved regulator's regulatory arrangements as are relevant to the application,
(b)details of the alteration or alterations, and
(c)such explanatory material as the approved regulator considers is likely to be needed for the purposes of this Part of this Schedule.