(1) In the Benchmarks Regulation, after Article 23E (inserted by section 16) insert -

"Article 23F

Policy statements

1. The FCA must prepare and publish a statement of its policy with respect to -

(a) the exercise of its power under Article 21A,

(b) the designation of benchmarks under Article 23A,

(c)the exercise of its powers under Article 23C, and

(d) the exercise of its powers under Article 23D.

2. The FCA -

(a) may alter or replace a statement published under this Article, and

(b) if it does so, must publish the altered or replacement statement.

3. A statement published under this Article must be published in the way appearing to the FCA to be best calculated to bring it to the attention of the public.

4. The FCA -

(a) must give a copy of a statement under this Article to the Treasury before publishing it, and

(b) may charge a reasonable fee for providing a person with a copy of a statement published under this Article.