[71V Procedure for giving, varying or revoking relevant Part 5A direction]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[71V  Procedure for giving, varying or revoking relevant Part 5A direction]

[(1)     If the FCA proposes to give a relevant Part 5A direction, or gives such a direction with immediate effect, the FCA must give written notice to the person concerned (“P”).

(2)     A relevant Part 5A direction takes effect—

(a)     immediately, if the notice under subsection (1) states that that is the case,

(b)     on such other date as may be specified in the notice, or

(c)     if no date is specified in the notice, when the matter to which the notice relates is no longer open to review.

(3)     A relevant Part 5A direction

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