PART 5Regulation of payment systems
Consultation, accountability and oversight
104HF1Statement of policy in relation to cost benefit analyses
1
The Payment Systems Regulator must prepare and publish a statement of policy in relation to the preparation of cost benefit analyses for the purposes of section 104.
2
The statement must provide information about—
a
the methodology adopted in preparing cost benefit analyses;
b
matters to which the Payment Systems Regulator has regard in determining whether section 104(8) applies;
c
matters to which the Payment Systems Regulator has regard in determining whether section 104(10) or (11) applies in relation to the preparation of a cost benefit analysis;
d
arrangements to ensure that representations in connection with a cost benefit analysis that are made in accordance with section 104(3)(d) are considered;
e
cases in which the requirement to consult the FCA Cost Benefit Analysis Panel in relation to the preparation of a cost benefit analysis does not apply.
3
The statement may include whatever other information in relation to cost benefit analyses that the Payment Systems Regulator considers appropriate.
4
The Payment Systems Regulator may alter or replace a statement published under this section.
5
The Payment Systems Regulator must publish a statement as altered or replaced under subsection (4).
6
Publication under this section is to be made in such manner as the Payment Systems Regulator considers best designed to bring the statement to the attention of the public.