76Directions by the Secretary of State
(1)The Secretary of State may give directions to the Corporation as to the exercise of its functions.
(2)A direction as to the terms of loans made under section 79 (lending powers of Corporation) requires the consent of the Treasury.
(3)Directions may be of a general or particular character and may be varied or revoked by subsequent directions.
(4)Non-compliance with a direction does not invalidate a transaction between a person and the Corporation unless the person had actual notice of the direction.