121 Approval of code for premium rate services

121  Approval of code for premium rate services

(1)     If it appears to OFCOM—

(a)     that a code has been made by any person for regulating the provision and contents of premium rate services, and the facilities made available in the provision of such services;

(b)     that the code contains provision for regulating, to such extent (if any) as they think fit, the arrangements made by the providers of premium rate services for promoting and marketing those services; and

(c)     that it would be appropriate for them to approve that code for the purposes of section 120,

they may approve that code for those purposes.

(2)     OFCOM are not to approve a code for those purposes unless they are satisfied—

(a)     that there is a person who, under the code, has the function of administering and enforcing it; and

(b)     that that person is sufficiently independent of the providers of premium rate services;

(c)     that adequate arrangements are in force for funding the activities of that person in relation to the code;

(d)     that the provisions

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