Section 257(6)

The FCA may, either on its own initiative or on the application of the manager or trustee of the scheme concerned, revoke or vary a direction given under this section if it appears to the FCA— in the case of revocation, that it is no longer necessary for the direction to take effect or continue in force; in the case of variation, that the direction should take effect or continue in force in a different form.

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Source: legislation.gov.uk · retrieved 2026-09-04