(1) The FCA may direct a small registered UK AIFM to take such specified steps as are necessary for the purpose of securing its compliance with -
(a) an implementing provision,
(b) the EuSEF Regulation, or
(c) the EuVECA Regulation.
(2) [deleted]
(3) An AIFM must comply with any direction given to it by the FCA under paragraph (1).
(4) Sections 55Y (exercise of own-initiative power: procedure) and 55Z3(2) (right to refer matters to the Tribunal) of the Act apply to a direction to an AIFM under paragraph (1) or (2) as they apply to a requirement imposed on an authorised person under section 55L(3) of the Act (imposition of requirements by the FCA).