(1) Each regulator must prepare and publish a statement of its policy with respect to its review of rules under section 3RA.
(2) The statement must provide information about -
(a) how representations (including by a statutory panel) can be made to each regulator with respect to its review of rules under section 3RA, and
(b) the arrangements to ensure that those representations are considered.
(3) In this section "statutory panel” has the meaning given by section 1RB(5).
(4) If a statement published under this section is altered or replaced by a regulator, the regulator must publish the altered or replaced statement.
(5) A statement prepared under this section must be published by the regulator in the way appearing to that regulator to be best designed to bring it to the attention of the public.