In exercising their functions under this Part HEFCW must comply with any directions under this section.

The Assembly may give general directions to HEFCW about the exercise of their functions.

If it appears to the Assembly that the financial affairs of an eligible institution have been or are being mismanaged the Assembly may, after consulting HEFCW and the institution, give such directions to HEFCW about the provision of financial support in respect of the activities carried on by the institution as the Assembly considers necessary or expedient by reason of the mismanagement.

Directions under this section are to be contained in an order made by the Assembly.