Section 23B Nomination of primary authoritiesF1

(1)

The Secretary of State may only nominate a qualifying regulator as a direct primary authority if the regulator and the regulated person have agreed in writing to the nomination.

(2)

The Secretary of State may only nominate a qualifying regulator as a co-ordinated primary authority if—

(a)

there is a co-ordinator of the regulated group, and

(b)

the regulator and the co-ordinator have agreed in writing to the nomination.

(3)

The Secretary of State may at any time revoke a nomination under section 23A(1).

(4)

The Secretary of State must—

(a)

maintain, or cause to be maintained, a register of nominations under section 23A(1), and

(b)

make the register available for inspection free of charge.

Annotations

Textual amendments

F1: Pt. 2 substituted (4.5.2016 for specified purposes, 1.10.2017 in so far as not already in force) by Enterprise Act 2016 (c. 12), ss. 20(1), 44(1)(c); S.I. 2017/473, reg. 3(b)