(1) Subsection (2) applies where a regulator proposes to make a rule ("the proposed rule") which would apply both to -
(a) authorised persons which are mutual societies, and
(b) other authorised persons.
(2) The regulator must prepare a statement setting out -
(a) its opinion whether or not the impact of the proposed rule on persons within subsection (1)(a) will be significantly different from its impact on persons within subsection (1)(b), and
(b) if so, details of the difference.
(3) Subsection (4) applies where a regulator makes a rule which -
(a) applies both to -
(i) authorised persons which are mutual societies, and
(ii) other authorised persons, and
(b) differs from the draft of the proposed rule published under section 138I(1)(b) or section 138J(1)(b) (as the case may be).
(4) The regulator must prepare a statement setting out -
(a) its opinion whether or not the impact of the rule is significantly different from the impact of the proposed rule on -
(i) the person
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