Commentary on Sections Background Section 42: Intervention directions: further provision
143.Where an intervention direction has been made and is in effect in relation to a function of an approved regulator, the approved regulator must give the Board, or a person nominated by the Board, all such assistance as it is reasonably able to give, to allow the Board, or nominated person, to pursue the direction through the exercise of the function to which the direction relates. Under section 42(3), the Board, a person nominated by the Board or any such person’s appointee may apply for a warrant authorising them to enter and search the approved regulator’s premises and to seize the records it finds. Section 42(6) requires the Lord Chancellor to make regulations prescribing the criteria that will apply when deciding whether to issue a warrant.