[(1) A requirement imposed on an institution under section 313A (a “relevant requirement”) takes effect—
(a) immediately, if the notice given under subsection (2) states that this is the case;
(b) in any other case, on such date as may be specified in the notice.
(2) If the [FCA] proposes to impose a relevant requirement on an institution, [or a class of institutions,] or imposes such a requirement with immediate effect, it must [give notice—
(a) by written notice to—
(i) the institution or, as the case may be, each institution in the class, and
(ii) the issuer of the financial
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