(1) [A regulator] may give a direction under this subsection to the Council or to the Society (acting through the Council) or to both.
(2) A direction under subsection (1) is one given to the body concerned—
(a) in relation to the exercise of its powers generally with a view to achieving, or in support of, a specified objective; or
(b) in relation to the exercise of a specified power which it has, whether in a specified manner or with a view to achieving, or in support of, a specified objective.
(3) “Specified” means specified in the direction.
[(3A) A direction under
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