[138R Treasury approval]
[138R Treasury approval]

[(1)     A standards instrument may be made only if it has been approved by the Treasury.

(2)     The Treasury may refuse to approve a standards instrument if subsection (3) or (5) applies.

(3)     This subsection applies if it appears to the Treasury that the instrument would—

(a)     have implications for public funds (within the meaning of section 78(2) of the Banking Act 2009); or