{
  "url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-23",
  "json_url": "https://openlegislation.uk/draft-short-selling-regulations-2024/regulation-23.json",
  "legislation": "ukdsi/2024/9780348265538",
  "legislation_title": "The Short Selling Regulations 2024",
  "legislation_url": "https://openlegislation.uk/draft-short-selling-regulations-2024",
  "path": "regulation/23",
  "kind": "regulation",
  "number": "23",
  "heading": "Power of FCA to give directions in relation to regulation 22",
  "text": "(1) The FCA may by directions impose such requirements on a person relating to a requirement imposed by regulation 22 as the FCA considers appropriate.\n(2) 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.\n(3) A requirement may, in particular, be imposed so as to require the person concerned—\n(a) to take specified action, or\n(b) to refrain from taking specified action.\n(4) A direction under this regulation—\n(a) may specify the way in which, and the time by which, a thing is to be done;\n(b) may be varied;\n(c) may be expressed to have effect during a specified period or until revoked.\n(5) The FCA may at any time revoke a direction under this regulation by notice.\n(6) The revocation of a direction does not affect the validity of anything previously done in accordance with it.\n(7) A direction or notice under this regulation must be given in writing to the person or persons to whom it applies.\n(8) 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.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348265538/regulation/23",
    "retrieved_at": "2026-10-30T14:40:14.742662+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}