Paragraph 16 F1

(1)

Before a review under paragraph 2(1) is due to start, the Scottish Ministers must consider whether regulations under paragraph 14 or 15 are necessary for ensuring that the notional portfolio remains suitable for investment in by a hypothetical investor. In considering the matter, the Scottish Ministers must consult such persons as they consider appropriate.

(2)

In considering the matter, the Scottish Ministers must consult such persons as they consider appropriate.

(3)

No consideration of the matter is required ahead of an extra review as mentioned in paragraph 2(3).

(4)

For who is a hypothetical investor, see paragraph 17(1).

Annotations

Textual amendments

F1: Sch. B1 inserted (S.) (1.7.2019) by Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019 (asp 4), s. 9(2), sch.; S.S.I. 2019/197, reg. 2