156The Board's powers in respect of rulesE+W
(1)The Board may direct the OLC to take such steps as are necessary—
(a)to modify its scheme rules in accordance with such general requirements as are specified in the direction, or
(b)to make a specified modification to its scheme rules.
(2)Before giving a direction under subsection (1)(b), the Board must—
(a)give the OLC a notice giving details of the proposed modification and containing a statement that representations about the proposal may be made to the Board within a period specified in the notice,
(b)publish a copy of that notice, and
(c)have regard to any representations duly made.
(3)The following provisions do not apply in relation to any modification made by the OLC to its rules in compliance with a direction under subsection (1)(b)—
(a)section 155(1)(a) (requirement to obtain the Board's consent to rules);
(b)section 205 (requirement to consult before making rules).
(4)Where the Board revokes a direction, it must—
(a)give the OLC notice of the revocation, and
(b)publish that notice.