Part 4Regulation of approved regulators
Functions of approved regulators etc
C170Procedural requirements relating to recommendations under section 69
1
A recommendation may be made under section 69 only with the consent of the approved regulator or other body to which the recommendation relates.
2
Before making a recommendation under that section, the Board must publish a draft of—
a
the proposed recommendation, and
b
the proposed draft order.
3
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.
4
Before making the recommendation, the Board must have regard to any representations duly made.
5
If the draft order to be annexed to the recommendation differs from the draft published under subsection (2)(b) in a way which is, in the opinion of the Board, material, the Board must, before making the recommendation, publish the draft order along with a statement detailing the changes made and the reasons for those changes.