Regulation 23 Power of FCA to give directions in relation to regulation 22
The FCA may by directions impose such requirements on a person relating to a requirement imposed by regulation 22 as the FCA considers appropriate.
The FCA may give a direction under 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 regulation 22.
A requirement may, in particular, be imposed so as to require the person concerned—
to take specified action, or
to refrain from taking specified action.
A direction under this regulation—
may specify the way in which, and the time by which, a thing is to be done;
may be varied;
may be expressed to have effect during a specified period or until revoked.
The FCA may at any time revoke a direction under this regulation by notice.
The revocation of a direction does not affect the validity of anything previously done in accordance with it.
A direction or notice under this regulation must be given in writing to the person or persons to whom it applies.
The imposition of a requirement that expires at the end of a specified period does not affect the FCA’s power to impose a new requirement.