(1) If it appears to the Secretary of State -
(a) that any action proposed to be taken by -
(i) a recognised supervisory body,
(ii) a recognised qualifying body,
(iii) a person keeping a register of auditors, or part of such a register, in accordance with regulations under section 1239(1),
(iv) a body exercising functions under arrangements within Schedule 12,
(v) the Independent Supervisor,
(vi) the competent authority, or
(vii) a body designated by order under section 1252,
would be incompatible with assimilated obligations or any other international obligations of the United Kingdom, or
(b) that any action which that body has power to take is required for the purpose of implementing any such obligations,
he may direct the body not to take or, as the case may be, to take the action in question.
(2) A direction may include such supplementary or incidental requirements as the Secretary of State thinks necessary or expedient.
(3) A direction under this section given to the Independent S
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