536.This section allows the Authority to direct a recognised body which has failed to satisfy the recognition criteria, or has failed to comply with other obligations under the Act (for example those in this Part) to take steps to remedy that failure.  This power enables the Authority to deal with problems which are not sufficiently serious to merit withdrawal of recognition from the body concerned.
Commentary on Sections Part Xviii: Recognised Investment Exchanges and Clearing Houses Chapter I: Exemption Section 296: Authority’s power to give directions