197 Procedure on exercise of power of intervention
197 Procedure on exercise of power of intervention

(1)     A requirement takes effect—

(a)     immediately, if the notice given under subsection (3) states that that is the case;

(b)     on such date as may be specified in the notice; or

(c)     if no date is specified in the notice, when the matter to which it relates is no longer open to review.

(2)     A requirement may be expressed to take effect immediately (or on a specified date) only if the [regulator], having regard to the ground on which it is exercising its power of intervention, considers that it is necessary for the requirement to take effect immediately (or on that date).

. . .
203 . . .