(1)A local housing authority may apply to the Welsh Ministers for the revocation of a direction issued under this Part if the authority concludes that the condition described in subsection (2) exists.
(2)The condition is that either—
(a)the demand for social housing to which the direction relates does not substantially exceed its supply or is not likely to do so, or
(b)even if demand does substantially exceed supply, or is likely to do so, that imbalance between supply and demand is not likely to increase as a result of the exercise of the right to buy and related rights.