Section 316(4)

In deciding whether to give a direction under subsection (1), the regulator concerned must have particular regard to— the interests of policyholders and potential policyholders; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the need to ensure the effective exercise of the functions which the regulator concerned has in relation to the Society as a result of provision made by or under this Act.

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