Financial Services (Banking Reform) Act 2013

[F1104GConsultation with the FCA Cost Benefit Analysis PanelU.K.

This section has no associated Explanatory Notes

(1)Except as provided by subsection (2), the Payment Systems Regulator must consult the FCA Cost Benefit Analysis Panel, and that Panel must provide advice, about the following matters—

(a)the preparation of a cost benefit analysis under section 104(3)(a) or (6);

(b)the preparation of its statement of policy under section 104H.

(2)The requirement to consult under subsection (1)(a) does not apply in such cases as may be set out in the statement of policy maintained under section 104H.

(3)The FCA Cost Benefit Analysis Panel must—

(a)keep under review how the Payment Systems Regulator is performing generally in carrying out its duties under section 104(3)(a) and (6), and

(b)provide to the Payment Systems Regulator whatever recommendations the Panel thinks appropriate as a result of such review.

(4)The Payment Systems Regulator must consider representations that are made to it by the FCA Cost Benefit Analysis Panel.

(5)The Payment Systems Regulator must from time to time publish in such manner as it thinks fit responses to the representations.

(6)In this section references to the “FCA Cost Benefit Analysis Panel” are to the panel established under section 138IA of FSMA 2000.]

Textual Amendments