Schedule 8: Cash access services Part 1 – New Part 8B of FSMA 2000 Supervision of designated persons Section 131X: Direction: procedure
This section sets out the procedure by which the FCA can give a direction for the purposes of this Part.
	Subsection (1) requires the FCA to give written notice to the designated person to whom the direction is or will be given. A direction given by the FCA may take effect immediately, on a date specified by the FCA, or when the matter to which the notice relates is no longer open to review in accordance with section 391(8) of FSMA 2000 (see section 131X subsections (2) and (11)). Subsection (3) provides that a direction may only take effect immediately or on a specified date if the FCA thinks this is necessary.
	Subsection (4) sets out the details that the FCA must include in a written notice. These are: details of the direction; the FCA’s reasons for the direction and when it takes effect; information that the designated person may make representations to the FCA within a specified period in the notice and of the designated person’s right to refer to the Tribunal.
	Subsection (5) permits the FCA to extend the period specified in the notice for designated persons to make representations to the FCA.
	Subsection (6) requires the FCA to give written notice to a designated person if, having considered any representations, it decides to give the direction proposed or not revoke an existing direction. The notice must inform the person of their right to refer to the Tribunal (as stated in subsection (8)).
	Subsection (7) requires the FCA to give written notice to a designated person if, having considered any representations, it decides to not give the direction proposed, give a different direction (in which case this must comply with the requirements in subsection (4) as stated in subsection (9)), or revoke a direction.
	If a notice informs the designated person of their right to refer to the Tribunal it must give an indication of the procedure (as per subsection 10).