(1) If the [FCA] decides on its own initiative to revoke a direction under section 257 it must give separate written notices of its decision to the manager and trustee of the scheme.
(2) If on an application under section 257(6) for a direction to be revoked or varied the [FCA] decides to revoke the direction or vary it in accordance with the application, it must give the applicant written notice of its decision.
(3) A notice under this section must specify the date on which the decision takes effect.
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