PART 6Powers and functions of the regulator and the appropriate authority

Directions to regulators, exemption registration authorities and exemption authorities: general62

1

An appropriate authority may give directions to a regulator, exemption registration authority or exemption authority of a general or specific character with respect to the carrying out of its functions under these Regulations.

2

Without prejudice to the generality of the power in paragraph (1), a direction may direct the regulator, exemption registration authority or exemption authority to exercise or not to exercise—

a

specified powers,

b

its powers in specified circumstances, or

c

its powers in a specified manner.

3

Except in an emergency, an appropriate authority may give a direction to the appropriate agency under paragraph (1) only after consultation with the appropriate agency.

4

The regulator, exemption registration authority or exemption authority must comply with a direction given to it under these Regulations.