Financial Services and Markets Act 2000 Explanatory Notes

Section 298: Directions and revocation: procedure

538.This section sets out the procedure the Authority must follow when it proposes to give a direction or make a revocation order.  This includes giving the recognised body, its members and third parties who might be affected the right to make written representations.  Subsection (7) allows the Authority to give a direction without following these procedures if it considers that it is essential to do so.

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