(1) Before giving a direction under section 3I or 3J, the PRA must consult the FCA.
(2) A direction under section 3I or 3J must be given or confirmed in writing, and must be accompanied by a statement of the reasons for giving it.
(3) A notice revoking a direction under section 3I or 3J must be given or confirmed in writing.
(a) publish the direction and statement, or the notice, in such manner as it thinks fit, and
(b) where the direction or notice relates to a particular authorised person or a particular with-profits insurer, give a copy of the direction and statement, or the notice, to that person.
(5) The PRA must give the Treasury a copy of -
(a) a direction under section 3I;
(b) a statement relating to such a direction;
(c) a notice revoking such a direction.
(6) The Treasury must lay before Parliament any document received by them under subsection (5).
(7) Subsection (4) does not apply where the PRA, after consulting the Treasury, decides that co
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