(1) A direction [under section 257 or 258A] 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 direction [under section 257] may be expressed to take effect immediately (or on a specified date) only if the [FCA], having regard to the ground on which it is exercising its power under [that section], considers that it is necessary for the direction to take effect immediately (or on that date).
(3) If the [FCA] proposes to give a direction under [section 257 or 258A, or gives a direction under either section] with immediate effect, it must give separate written notice to the manager and the trustee of the scheme concerned.
(4) The notice must—
(a) give details of the direction;
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