Sch 20 para 8
(1) The first order under section 22A of FSMA 2000 may, if it imposes on the PRA a public consultation requirement in relation to any statement of policy required by the order to be prepared by the PRA, provide that in relation to the first statement of policy the requirement may be satisfied— (a) by things done (wholly or in part) before the commencement of the order or the passing of this Act, and (b) by things done by the Financial Services Authority or the Bank of England or by both of them. (2) “ Public consultation requirement ” has the same meaning as in paragraph 7.