60 Circumstances in which Treasury power of direction exercisable
Financial Services Act 2012 (2012 c 21) | Legislation

60  Circumstances in which Treasury power of direction exercisable

(1)     This section makes provision about the circumstances in which the Treasury's power of direction under section 61 is exercisable, subject to the provisions of that section.

(2)     Where a public funds notification has been given, the power of direction is exercisable by reference to the notification unless the notification has been superseded by a notification under section 59(3).

(3)     Where qualifying financial assistance has been provided, the power of direction is exercisable by reference to the provision of the assistance unless it appears to the Treasury

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