(1) If it appears to the Secretary of State—
[(a) that any action proposed to be taken by—
(i) a recognised supervisory body,
(ii) a recognised qualifying body,
(iii) a person keeping a register of auditors, or part of such a register, in accordance with regulations under section 1239(1),
(iv) a body exercising functions under arrangements within Schedule 12,
(v) the Independent Supervisor,
(vi) the competent authority, or
(vii) a body designated by order under section 1252,
would be incompatible with [retained EU obligations] or any other international obligations of the United Kingdom, or]
(b) that any action which that body has power to take
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