Sch 2A para 71
(1) Each UK regulator must prepare and issue a statement of its policy with respect to— (a) its powers to vary or cancel a Schedule 2A permission under Part 4 or 5 of this Schedule other than on a notification by the Gibraltar regulator, (b) its powers to impose, vary or cancel requirements under Part 6 of this Schedule, other than on a notification by the Gibraltar regulator, and (c) its power to give directions under Part 7 of this Schedule. (2) Where a UK regulator has issued a statement under sub-paragraph (1), it may prepare and issue a revised statement. (3) In exercising a power described in sub-paragraph (1), a UK regulator must have regard to any relevant statement of policy issued under this paragraph and in force at the time.