(1) This section applies where -
(a) the Treasury are of the opinion that anything done, or proposed to be done, in connection with the making of a mandatory reduction instrument or the exercise in relation to an institution of one or more of the stabilisation powers may constitute the granting of aid to which any of the provisions of Article 107 or 108 of the Treaty on the Functioning of the European Union applies ("State aid"), and
(b) section 145A (power to direct bank administrator) does not apply.
(2) The Treasury may, in writing, direct any resolution administrator, or any director of the institution, to take specified action to enable the United Kingdom to pursue any of the purposes specified in subsection (3) of section 145A (read with subsection (9) of that section).
(3) Before giving a direction under this section the Treasury must consult the person to whom the direction is to be given.
(4) The person must comply with the direction within the period of time specified