Section 312L(4)

Before making regulations under subsection (1) the Treasury must— consult each of the relevant regulators and such other persons as the Treasury consider appropriate, give notice in writing to the person to be designated specifying a reasonable period within which that person may make representations in writing about the proposal to the Treasury, and have regard to any representations made to them in accordance with paragraph (b).

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