C1 Part VIIIF2Provisions relating to market abuse

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)

Statement of policy

125 Statement of policy: procedure.

1

Before issuing a statement of policy under section 124, the F1FCA must publish a draft of the proposed statement in the way appearing to the F1FCA to be best calculated to bring it to the attention of the public.

2

The draft must be accompanied by notice that representations about the proposal may be made to the F1FCA within a specified time.

3

Before issuing the proposed statement, the F1FCA must have regard to any representations made to it in accordance with subsection (2).

4

If the F1FCA issues the proposed statement it must publish an account, in general terms, of—

a

the representations made to it in accordance with subsection (2); and

b

its response to them.

5

If the statement differs from the draft published under subsection (1) in a way which is, in the opinion of the F1FCA, significant, the F1FCA must (in addition to complying with subsection (4)) publish details of the difference.

6

The F1FCA may charge a reasonable fee for providing a person with a copy of a draft published under subsection (1).

7

This section also applies to a proposal to alter or replace a statement.