OpenLegislation

Paragraph 35 I1I2

(1)

Section 396 (statements under s.395: consultation) is amended as follows.

(2)

In subsection (1)—

(a)

after “a statement of” insert “ its ”,

(b)

for “the Authority”, in the first place, substitute “ the regulator ”,

(c)

for “the Authority”, in the second place, substitute “ it ”, and

(d)

for “it” substitute “ the draft ”.

(3)

In subsection (2), for “Authority” substitute “ regulator publishing the draft ”.

(4)

In subsection (3), for “Before issuing the proposed statement of procedure, the Authority” substitute “ Before a regulator issues the proposed statement of its procedure, it ”.

(5)

In subsection (4), for “Authority issues the proposed statement of procedure” substitute “ regulator issues the proposed statement of its procedure, ”.

(6)

In subsection (5)—

(a)

for “statement of procedure differs from the draft published” substitute “ statement of the regulator's procedure differs from the draft published by it ”,

(b)

for “, in the opinion of the Authority,” substitute “ , in its opinion, ”, and

(c)

for “the Authority must” substitute “ it must ”.

(7)

In subsection (6)—

(a)

for “The Authority” substitute “ The regulator publishing a draft under subsection (1) ”, and

(b)

for “a draft published under subsection (1)” substitute “ the draft ”.

Annotations

Commencement

I1

Sch. 9 para. 35 in force at 24.1.2013 for specified purposes by S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3

I2

Sch. 9 para. 35 in force at 1.4.2013 in so far as not already in force by S.I. 2013/423, art. 3, Sch.