Section 143H Explanation to accompany consultation on rulesF1

United Kingdom

(1)

A draft of proposed Part 9C rules published in accordance with section 138I(1)(b) must be accompanied by—

(a)

an explanation of the provision that the FCA has considered it appropriate to include in the rules given the risks specified in or under section 143C(2) or 143D(2), and

C1(b)

an explanation of the ways in which having regard to the matters specified in or under section 143G(1) has affected the proposed rules,

(as well as being accompanied by the information listed in section 138I(2)).

(2)

If the FCA makes the proposed Part 9C rules, it must publish—

(a)

a summary of the purpose of the proposed rules, and

(b)

explanations complying with subsection (1),

(as well as the information required by section 138I(4) and (5)).

(3)

This section is subject to section 143I.

Annotations

Textual amendments

F1: Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)

Modifications

C1: S. 143H(1)(b) modified (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 22(b); S.I. 2021/671, reg. 4(b)