69 Statement of policy

69  Statement of policy

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

[(a)     the imposition of penalties, suspensions[, conditions or limitations] under section 66;

(b)     the amount of penalties under that section; . . .

(c)     the period for which suspensions or [conditions] under that section are to have effect][; and

(d)     the period for which approvals under section 59 are to have effect as a result of a limitation under section 66].

(2)     [A regulator's] policy in determining what the amount of a penalty should be[, or what the period for which a suspension or restriction is

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