Regulations 5(4), 7(3) and 8(4)

1. Before -

(a) [deleted]

(b) [deleted]

(c) giving a direction under regulation 8,

the Bank of England must give written notice of its intention to do so to the Operator.

2. A notice under paragraph 1 shall -

(a) state why the Bank of England intends to give the direction; and

(b) draw attention to the right to make representations conferred by paragraph 3.

3. Before the end of the period for making representations, the Operator may make representations to the Bank of England.

4. The period for making representations is such period as is specified in the notice (which may, in any particular case, be extended by the Bank of England).

5. In deciding whether to give the direction the Bank of England must have regard to any representations made in accordance with paragraph 3.

6.