[(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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