(1) An undertaking that becomes aware that an authorisation is likely to be applied for, or that a direction is likely to be issued shall not -

(a) disclose that fact to any person, or

(b) permit that fact to be disclosed by any member of its staff to any person,

except in so far as may be necessary for the undertaking to take steps to ensure compliance by it with any direction that may be issued to it.

(2) An undertaking to which a direction is issued -

(a) shall comply with the direction,

(b) before the cessation period commences, shall not disclose, or permit to be disclosed by any member of its staff, to any person, the existence or content of the direction or an authorisation referred to in that direction, except in so far as may be necessary to ensure compliance with the direction, and