Part 4Regulation of approved regulators
Cancellation of approval
47The Board’s power to recommend orders made under section 46
1
The Board may recommend to the Lord Chancellor that the Lord Chancellor make an order under section 46 in the form of a draft order prepared by the Board and annexed to the recommendation.
2
Before making a recommendation under this 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 in the opinion of the Board is 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.