259 Procedure on giving directions under section 257 [or 258A] and varying them on [FCA's] own initiative
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

259  Procedure on giving directions under section 257 [or 258A] and varying them on [FCA's] own initiative

(1)     A direction [under section 257 or 258A] takes effect—

(a)     immediately, if the notice given under subsection (3) states that that is the case;

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

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

(2)     A direction [under section 257] may be expressed to take effect immediately (or on a specified date) only if the [FCA], having regard to the ground on which it is exercising its power under [that section], considers that it is necessary for the direction to take effect immediately (or on that date).

(3)     If the

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