Paragraph 4 Default powers of the Privy Council
If it appears to the Privy Council that the Regulator has failed to perform any functions under this Order which, in the opinion of the Privy Council, should have been performed, the Privy Council may notify the Regulator of its opinion and require the Regulator to make representations to it.
The Privy Council may, having considered such representations, give such directions to the Regulator as the Privy Council considers appropriate.
If the Regulator does not comply with a direction given under sub-paragraph (2), the Privy Council may give effect to the direction.
Subject to sub-paragraph (5), for the purpose of sub-paragraph (3), the Privy Council may—
exercise any power of the Regulator or do any act authorised to be done by the Regulator, and
do, of its own motion, any act which it is otherwise authorised to do under this Order at the instigation of the Regulator.
The Privy Council may not under this paragraph make, amend or remove an entry in the register in respect of an individual, nor refuse to do so.
The powers under sub-paragraphs (1) and (2) may be exercised by a person authorised or designated by the Privy Council for that purpose.