[63ZE Statement of policy: procedure]

[63ZE  Statement of policy: procedure]

[(1)     Before issuing a statement of policy under section 63ZD, a regulator (“the issuing regulator”) must—

(a)     consult the other regulator, and

(b)     publish a draft of the proposed statement in the way appearing to the issuing regulator to be best calculated to bring it to the attention of the public.

(2)     The duty of the FCA to consult the PRA under subsection (1)(a) applies only in so far as the statement of policy applies to persons whose approval under section 59 relates to the performance of a function designated by the FCA as a senior

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