Schedule 2, Part 1, paragraph 1(3)

If the FCA proposes Part 9C rules that change existing Part 9C rules and the changes consist of or include changes which, in the FCA's opinion, are not material— the explanations described in section 143H(1) are not required in relation to the rules to the extent that they make those changes, but the draft of the rules must be accompanied by a statement of the FCA's opinion.

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