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Financial Services Act 1986
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12Compliance orders
(1)If at any time it appears to the Secretary of State—
(a)that subsection (3) of section 10 above or any requirement of Schedule 2 to this Act is not satisfied in the case of a recognised organisation; or
(b)that a recognised organisation has failed to comply with any obligation to which it is subject by virtue of this Act,
he may, instead of revoking the recognition order under section 11 above, make an application to the court under this section.
(2)If on any such application the court decides that subsection (3) of section 10 or the requirement in question is not satisfied or, as the case may be, that the organisation has failed to comply with the obligation in question it may order the organisation to take such steps as the court directs for securing that that subsection or requirement is satisfied or that that obligation is complied with.
(3)The jurisdiction conferred by this section shall be exercisable by the High Court and the Court of Session.
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