SCHEDULE 2Directions
Power to direct
2
(1)
The Scottish Ministers may direct the approved regulator to take—
(a)
in a case falling within paragraph 1(a), such action as they consider will counter the adverse impact, mitigate its effect or prevent its recurrence,
(b)
in a case falling within paragraph 1(b) or (c), such action as they consider will remedy the failure, mitigate its effect or prevent its recurrence,
(c)
in a case falling within paragraph 1(d), such action as they consider necessary or expedient in relation to such transitional matters as may arise from the amendment.
(2)
A direction under sub-paragraph (1) may require the approved regulator to modify any part of its regulatory scheme.
(3)
A direction under sub-paragraph (1) must not be framed by reference to—
(a)
a specific disciplinary case, or
(b)
other specific regulatory proceedings.
(4)
A direction under sub-paragraph (1) may require the approved regulator to refrain from doing something.
(5)
The approved regulator must (so far as practicable) comply with a direction given to it in accordance with this schedule.