44 Statement of policy on cost benefit analyses

44  Statement of policy on cost benefit analyses

(1)     FSMA 2000 is amended as follows.

(2)     After section 138IA (inserted by section 43) 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

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