[312J Statement of policy]
[312J Statement of policy]

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

(a)     the imposition of penalties under [sections 312F and 312FA and prohibitions under section 312FA], . . .

(b)     the amount of penalties under [those sections][; and

(c)     the period for which prohibitions under section 312FA are to have effect].