(1) The FCA may by directions impose such requirements on a person, or such description of persons, relating to the carrying on of designated activities as the FCA considers appropriate.
(2) The power under subsection (1) is only exercisable in so far as designated activity regulations provide for the FCA to make directions relating to the designated activity.
(3) A requirement may, in particular, be imposed so as to require the person concerned -
(a) to take specified action, or
(b) to refrain from taking specified action.
(4) A requirement may extend to activities which are not designated activities.
(5) A direction under this section -
(a) may specify the way in which, and the time by which, a thing is to be done;
(b) may be varied;
(c) may be expressed to have effect during a specified period or until revoked.
(6) The FCA may at any time revoke a direction under this section by notice.
(7) The revocation of a direction does not affect the validity of anything previously done in acc
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