[(1) A requirement under section 89L takes effect—
(a) immediately, if the notice under subsection (2) states that that is the case;
(b) in any other case, on such date as may be specified in the notice.
(2) If the [FCA]—
(a) proposes to exercise the powers in section 89L in relation to a person, or
(b) exercises any of those powers in relation to a person with immediate effect,
it must give that person written notice.
(3) The notice must—
(a) give details of the [FCA's] action or proposed action;
(b) state the [FCA's] reasons for taking the
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