[3O Further provisions about directions under section 3M]

[3O  Further provisions about directions under section 3M]

[(1)     Before giving a direction under section 3M, the supervising regulator must consult the other regulator.

(2)     A direction under section 3M must be given or confirmed in writing, and must be accompanied by a statement of the reasons for giving it.

(3)     A notice revoking a direction under section 3M must be given or confirmed in writing.

(4)     The regulator to which a direction under section 3M is given must give a copy of the direction and statement to each of the authorised persons to whom the direction relates.

(5)     The supervising regulator must

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