This section applies where—
the FCA gives a decision notice under section 271N(3), or a written notice under section 271O(2), in relation to a section 271A scheme, or
a direction given by the FCA under section 271L(1) in relation to a section 271A scheme takes effect.
The operator of the scheme must notify such persons as the FCA may direct that the FCA has revoked an order under section 271A for recognition of the scheme or given a direction under section 271L in relation to the scheme (as applicable).
A notification under subsection (2) that relates to a direction under section 271L must set out the terms of the direction.
A notification under subsection (2) must—
contain such information as the FCA may direct, and
be made in such form and manner as the FCA may direct.
Different directions may be given under subsection (2) or (4) in relation to—
different schemes or different descriptions of scheme;
different persons or descriptions of persons to whom a notification under subsection (2) must be given.