This is the original version (as it was originally enacted).
(1)The Secretary of State may give directions to a scheme administrator.
(2)The power to give directions under this section includes a power to vary or revoke the directions.
(3)A scheme administrator must comply with any direction given to it under this section.
(1)The Secretary of State may give, or arrange for the giving of, financial assistance to—
(a)scheme administrators;
(b)participants.
(2)“Financial assistance” means grants, loans, guarantees or indemnities, or any other kind of financial assistance.
(3)Financial assistance under this section may be given subject to such conditions as may be determined by, or in accordance with arrangements made by, the Secretary of State.
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