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Section 78 Policy statementI1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

An approved regulator must prepare and issue a statement of policy as to how, in exercising its functions under this Part, it will comply with its duties under section 77.

(2)

The approved regulator—

(a)

may revise the policy statement,

(b)

if it does so, must re-issue the policy statement.

(3)

The approved regulator may issue (or re-issue) the policy statement only with the approval of the Scottish Ministers.

(4)

The approved regulator must publish the policy statement as issued (or re-issued).

(5)

In exercising its functions under this Part, the approved regulator must have regard to the policy statement as issued (or re-issued).

Annotations

Commencement

I1

S. 78 in force at 1.4.2011 by S.S.I. 2011/180, art. 3, Sch.