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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2019 - onwards
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333M. Failure by designated guidance providers to comply with standards: directions

Omitted from 1 January 2019

(1) If the Secretary of State considers that a designated guidance provider has failed to comply with a standard set under section 333H the Secretary of State may direct the provider to take such steps as the Secretary of State considers appropriate -

(a) to prevent the continuance or recurrence of the failure;

(b) to make redress to those affected by the failure.

(2) The Secretary of State may give a direction under subsection (1) only if the FCA has made a recommendation under section 333J(1)(b) (although the terms of the direction need not be the same as that recommended by the FCA).

(3) The Secretary of State must -

(a) give notice in writing of a direction under subsection (1), and

(b) send a copy of the notice to the FCA.

(4) The notice must inform the designated guidance provider that representations about why the direction should not be published may be made to the Secretary of State within a specified time.

(5) Once the time specified under subsection (4) has elapsed, the

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