[(1) This section applies where, within the period specified under section 313B(3), (3A) or (4), representations are made to the [FCA] in relation to a requirement that it has proposed to impose or has imposed under section 313A.
(2) The [FCA] must decide whether to impose the requirement or (in the case of a requirement that has been imposed) whether to revoke it.
(3) In the case of a requirement that the [FCA] has proposed to impose on a class of institutions, the [FCA] may decide to impose the requirement—
(a) on the class;
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