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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
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330. Consultation

(1) Before giving a direction under section 328(1), the FCA must publish a draft of the proposed direction.

(2) The draft must be accompanied by -

(a) a cost benefit analysis; and

(b) notice that representations about the proposed direction may be made to the FCA within a specified time.

(3) Before giving the proposed direction, the FCA must have regard to any representations made to it in accordance with subsection (2)(b).

(4) If the FCA gives the proposed direction it must publish an account, in general terms, of -

(a) the representations made to it in accordance with subsection (2)(b); and

(b) its response to them.

(5) If the direction differs from the draft published under subsection (1) in a way which is, in the opinion of the FCA, significant -

(a) the FCA must (in addition to complying with subsection (4)) publish details of the difference; and

(b) those details must be accompanied by a cost benefit analysis.

(6) Subsections (1) to (5) do not apply if the FCA considers that the

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