# Financial Services and Markets Act 2000, Paragraph 71

Extent: E+W+S+N.I.

(1) Each UK regulator must prepare and issue a statement of its policy with respect to—
(a) its powers to vary or cancel a Schedule 2A permission under Part 4 or 5 of this Schedule other than on a notification by the Gibraltar regulator,
(b) its powers to impose, vary or cancel requirements under Part 6 of this Schedule, other than on a notification by the Gibraltar regulator, and
(c) its power to give directions under Part 7 of this Schedule.
(2) Where a UK regulator has issued a statement under sub-paragraph (1), it may prepare and issue a revised statement.
(3) In exercising a power described in sub-paragraph (1), a UK regulator must have regard to any relevant statement of policy issued under this paragraph and in force at the time.

---
Source: https://www.legislation.gov.uk/ukpga/2000/8/schedule/2A/paragraph/71 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000/schedule-2A/paragraph-71
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.