PART 3PROFESSIONALS

Authority’s power to give directions in relation to the application of the general prohibition to members of a profession9

In section 328 of the Act (directions in relation to the general prohibition)—

a

for subsection (6), substitute—

6

The Authority may exercise the power conferred by subsection (1) only if it is satisfied either—

a

that it is desirable to do so in order to protect the interests of clients; or

b

that it is necessary to do so in order to comply with a Community obligation imposed by the insurance mediation directive.

b

in subsection (7), for “so satisfied”, substitute “satisfied of the matter specified in subsection (6)(a)”.