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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 June 2007 - onwards
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Regulation 56 Directions by Bank.

(1) The Bank may give one or more of the directions specified in paragraph (2) if the Bank considers it necessary to do so in order to -

(a) perform its functions under these Regulations or any other provision of transparency (regulated markets) law,

(b) prevent any person from contravening or continuing to contravene a provision of these Regulations or any other provision of transparency (regulated markets) law, or

(c) protect otherwise the interests of investors.

(2) Each of the following is a direction referred to in paragraph (1), namely a direction to a person -

(a) to do or not to do anything that the Bank may require to be done or not to be done in exercise of its powers under Regulation 40,

(b) not to dispose of or otherwise dissipate any assets or specified assets of the person or not to do any of those things save where specified conditions are complied with,

(c) not to dispose of or otherwise dissipate any assets or specified assets the beneficial interest in which is vested

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