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Part 4E+WRegulation of approved regulators

Policy statementsE+W

50Policy statements: procedureE+W

(1)Before issuing a statement under section 49, the Board must publish a draft of the proposed statement.

(2)The draft must be accompanied by a notice which states that representations about the proposals may be made to the Board within a specified period.

(3)Before issuing the statement, the Board must have regard to any representations duly made.

(4)If the statement differs from the draft published under subsection (1) in a way which is, in the opinion of the Board, material, the Board must publish details of the differences.

(5)The Board may make a reasonable charge for providing a person with a copy of a draft published under subsection (1).