(1) The FCA may give a direction in writing to a self-regulatory organisation.

(2) A direction may be given for the purpose of -

(a) remedying a failure to comply with a supervision requirement;

(b) preventing a failure to comply, or continued non-compliance, with a supervision requirement.

(3) A direction may require or prohibit the taking of specified action.

(4) In deciding whether to give a direction to a self-regulatory organisation, the FCA must consider whether at the time the self-regulatory organisation followed -

(a) any relevant guidance which was at the time issued by the FCA;

(b) [deleted]