Schedule 2A, Part 11, paragraph 71

Each UK regulator must prepare and issue a statement of its policy with respect to— its powers to vary or cancel a Schedule 2A permission under Part 4 or 5 of this Schedule other than on a notification by the Gibraltar regulator, its powers to impose, vary or cancel requirements under Part 6 of this Schedule, other than on a notification by the Gibraltar regulator, and its power to give directions under Part 7 of this Schedule. Where a UK regulator has issued a statement under sub-paragraph (1), it may prepare and issue a revised statement. In exercising a power described in sub-paragraph (1), a UK regulator must have regard to any relevant statement of policy issued under this paragraph and in force at the time.

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Source: legislation.gov.uk · retrieved 2026-09-04