257 Directions
257 Directions

(1)     The [FCA] may give a direction under this section if it appears to the [FCA] that—

(a)     one or more of the requirements for the making of an authorisation order are no longer satisfied;

[(b)     the manager or trustee of an authorised unit trust scheme has contravened, or is likely to contravene, a requirement imposed—

(i)     by or under this Act; . . .

(ii)     by any directly applicable Community regulation or decision made under the UCITS directive [UCITS-related direct EU legislation];] [or