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Section 318(2)

FSMA 2000

A direction under subsection (1) is one given to the body concerned— in relation to the exercise of its powers generally with a view to achieving, or in support of, a specified objective; or in relation to the exercise of a specified power which it has, whether in a specified manner or with a view to achieving, or in support of, a specified objective.

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