SCHEDULES

SCHEDULE 8Intervention directions: procedure

Part 2Revoking intervention directions

Introductory

I113

1

Where an intervention direction has effect in respect of a regulatory function of an approved regulator—

a

the approved regulator may apply to the Board for the Board to revoke the direction, or

b

the Board may give the approved regulator a notice stating the Board's intention to revoke the direction.

2

An application under sub-paragraph (1)(a) must—

a

be made in the form and manner specified by the Board, and

b

be accompanied by such material as the applicant considers is likely to be needed for the purposes of this Part of this Schedule.