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Part 42Statutory Auditors

Chapter 6Supplementary and general

International obligations

1254Directions to comply with international obligations

(1)If it appears to the Secretary of State—

(a)that any action proposed to be taken by a recognised supervisory body or a recognised qualifying body, or a body designated by order under section 1252, would be incompatible with Community obligations or any other international obligations of the United Kingdom, or

(b)that any action which that body has power to take is required for the purpose of implementing any such obligations,

he may direct the body not to take or, as the case may be, to take the action in question.

(2)A direction may include such supplementary or incidental requirements as the Secretary of State thinks necessary or expedient.

(3)A direction under this section given to a body designated by order under section 1252 is enforceable on the application of the Secretary of State by injunction or, in Scotland, by an order under section 45 of the Court of Session Act 1988 (c. 36).