Regulation 10 Power of FCA to give directions in relation to activities specified in regulation 4

The FCA may give directions under section 71O of FSMA 2000 imposing on a person such requirements as the FCA considers appropriate relating to the carrying on of the activities specified in regulation 4.

The FCA may give a direction described in paragraph (1) only if it appears to the FCA that the person is failing, or is likely to fail, to comply with a requirement imposed by designated activity rules made by virtue of regulation 5 or 6.