(1) FSMA 2000 is amended as follows.
(2) After section 138IA (inserted by section 41) insert -
"138IB Statement of policy in relation to cost benefit analyses
(1) The FCA must prepare and publish a statement of policy in relation to the preparation of cost benefit analyses for the purposes of section 138I.
(2) The statement must provide information about -
(a) the methodology adopted in preparing cost benefit analyses;
(b) matters to which the FCA has regard in determining whether section 138I(8) applies;
(c) matters to which the FCA has regard in determining whether an exemption under section 138L applies in relation to the preparation of a cost benefit analysis;
(d) arrangements to ensure that representations in connection with a cost benefit analysis that are made in accordance with section 138I(2)(e) are considered;
(e) cases in which the requirement to consult the FCA Cost Benefit Analysis Panel in relation to the preparation of a cost benefit analysis does not apply;
(f) arrange
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