there is a real possibility that one or more relevant establishments or agencies will cease to be carried on because of any risk to the financial sustainability of a person who is subject to financial oversight, and

the local authority, or any children looked after by the local authority, might be adversely affected if that were to happen.

identify the establishments or agencies mentioned in subsection (1);

inform the local authority that the Secretary of State considers that there is a real possibility that those establishments or agencies will cease to be carried on for the reasons mentioned in that subsection, and

explain why the Secretary of State considers that the local authority, or children looked after by the local authority, might be adversely affected if that were to happen.

serve a copy of the notice on the CIECSS, and

inform the person who is registered as carrying on the establishments or agencies identified in the notice that an advance warning notice has been served in relation to those establishments or agencies.