281 Directions

281  Directions

(1)     In this section a “relevant recognised scheme” means a scheme recognised under section . . . 272.

(2)     If it appears to the [FCA] that—

(a)     the operator, trustee or depositary of a relevant recognised scheme has contravened, or is likely to contravene, a requirement imposed on him by or under this Act,

(b)     the operator, trustee or depositary of such a scheme has, in purported compliance with any such requirement, knowingly or recklessly given the [FCA] information which is false or misleading in a material particular,

(c)     one or more of the requirements for the recognition of [such a scheme]

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