182. Procedure following consideration of representations

(1) This section applies where, within the period specified under section 181(3), representations are made to the Regulator in relation to a requirement that it has proposed to impose or has imposed under section 180.
(2) The Regulator must decide whether to impose the requirement or (in the case of a requirement that has been imposed) whether to revoke it.
(3) In the case of a requirement that the Regulator has proposed to impose on a class of Institutions, the Regulator may decide to impose the requirement —
(a) on the class;
(b) on the class apart from one or more specified members of it; or
(c) only on one or more specified members of the class.
(4) In the case of a requirement that the Regulator has imposed on a class of Institutions, the Regulator may decide to revoke it in relation to —
(a) the class;
(b) the class apart from one or more specified members of it; or
(c) one or more specified members of the class only.
(5) The Regulator must give written notice of its decision to —
(a) any Institution which has made representations; and
(b) the Issuer of the Financial Instrument in question (if any).