Paragraph 30 C1C2C3C4F1

The scheme details must be published by the PRA in the way appearing to it to be best calculated to bring them to the attention of the public.

Before making the financial penalty scheme, the PRA must publish a draft of the proposed scheme in the way appearing to the PRA to be best calculated to bring it to the attention of the public.

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

Before making the scheme, the PRA must have regard to any representations made to it in accordance with sub-paragraph (3).

If the PRA makes the proposed scheme, it must publish an account, in general terms, of—

If the scheme differs from the draft published under sub-paragraph (2) in a way which is, in the opinion of the PRA, significant, the PRA must (in addition to complying with sub-paragraph (5)) publish details of the difference.

The PRA must, without delay, give the Treasury a copy of any scheme details published by it.

The PRA may charge a reasonable fee for providing a person with a copy of—

Sub-paragraphs (2) to (6) and (8)(a) also apply to a proposal to alter or replace the financial penalty scheme.