1 In section 325 (general duty) -
(a) for "Authority", in each place, substitute "FCA", and
(b) in the heading, for "Authority's" substitute "FCA's".
2 In section 328 (directions relating to the general prohibition), for "Authority", in each place, substitute "FCA".
3 In section 329 (orders relating to the general prohibition), for "Authority", in each place, substitute "FCA".
4 In section 330 (consultation) -
(a) for "Authority", in each place, substitute "FCA", and
(b) for subsection (10) substitute -
"(10) Cost benefit analysis" means -
(a) an analysis of the costs together with an analysis of the benefits that will arise -
(i) if the proposed direction is given, or
(ii) if subsection (5)(b) applies, from the direction that has been given, and
(b) subject to subsection (10A), an estimate of those costs and of those benefits.
(10A) If, in the opinion of the FCA -
(a) the costs or benefits referred to in subsection (10) cannot reasonably be estimated, or
(b) it is no
…