[312O Directions: procedure]
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[312O  Directions: procedure]

[(1)     If a relevant regulator proposes to give a direction under section 312N, or gives such a direction with immediate effect, it must give written notice to the critical third party to which the direction is given (or is to be given) (the “relevant critical third partyâ€).

(2)     A direction under section 312N takes effect—

(a)     immediately, if the notice under subsection (1) states that this is the case,

(b)     on such other date as may be specified in the notice, or

(c)     if neither paragraph (a) or (b) applies, when the matter to which

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