27 Statement of policy
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

27  Statement of policy

After section 63ZC of FSMA 2000 (inserted by section 26 above) insert—

“63ZD Statement of policy relating to conditional approval and variation

(1)     Each regulator must prepare and issue a statement of its policy with respect to—

(a)     its giving of approval under section 59 subject to conditions or for a limited period only, and

(b)     its variation under section 63ZA or 63ZB of an approval given under section 59.

(2)     A regulator may at any time alter or replace a statement issued by it under this section.

(3)     If a statement issued under this section is altered or replaced by a regulator, the regulator must

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