SCHEDULES
SCHEDULE 8Intervention directions: procedure
Part 2Revoking intervention directions
Introductory
I113
1
Where an intervention direction has effect in respect of a regulatory function of an approved regulator—
a
the approved regulator may apply to the Board for the Board to revoke the direction, or
b
the Board may give the approved regulator a notice stating the Board's intention to revoke the direction.
2
An application under sub-paragraph (1)(a) must—
a
be made in the form and manner specified by the Board, and
b
be accompanied by such material as the applicant considers is likely to be needed for the purposes of this Part of this Schedule.