[410B Directions in pursuance of section 410A]

[410B  Directions in pursuance of section 410A]

[(1)     In this section “a fees direction” means a direction given by the Treasury as a result of regulations under section 410A.

(2)     Before giving a fees direction to the FCA, the PRA or the Bank of England (each a “regulator”), the Treasury must consult the regulator concerned.

(3)     A fees direction must—

(a)     be in writing;

(b)     except in the case of a direction that revokes a previous direction or a direction that varies a previous direction without affecting the total amount intended to be raised by the fees, specify the total amount intended

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