This section applies if at any time it appears to the Secretary of State—
in the case of a recognised supervisory body, that any requirement of Part 2 or 3 of Schedule 10 is not satisfied,
in the case of a recognised professional qualification offered by a recognised qualifying body, that any requirement of Part 2 of Schedule 11 is not satisfied, ...
that a recognised supervisory body or a recognised qualifying body has not complied with an obligation imposed on it by or by virtue of this Part (other than an obligation to pay a financial penalty under section 1225D) or
that a recognised supervisory body has not complied with an obligation imposed on it by or by virtue of the Statutory Auditors and Third Country Auditors Regulations 2016.
The Secretary of State may do any one or more of the following—
give a direction to the body under section 1225A;
make an application to the court in respect of the body under section 1225C;
impose a financial penalty on the body under section 1225D.
Subsection (2) is without prejudice to the powers of the Secretary of State under paragraph 3 of Schedule 10 and paragraph 3 of Schedule 11 (revocation of recognition orders) or the powers of the competent authority under regulation 3 of the Statutory Auditors and Third Country Auditors Regulations 2016.