132. Regulator's power to give Directions

(1) This section applies if it appears to the Regulator that a Recognised Body —
(a) has failed, or is likely to fail, to satisfy the Recognition Requirements; or
(b) has failed to comply with any other obligation imposed on it by or under these Regulations.
(2) The Regulator may direct the body to take specified steps for the purpose of securing the body's compliance with —
(a) the Recognition Requirements; or
(b) any obligation of the kind in question.
(3) In the case of a Recognised Body other than a Non-Abu Dhabi Global Market Investment Exchange or Non-Abu Dhabi Global Market Clearing House, those steps may include —
(a) the granting to the Regulator of access to the premises of the body for the purpose of inspecting —
(i) those premises; or
(ii) any Documents on the premises which appear to the Regulator to be relevant for the purpose mentioned in subsection (2);
(b) the suspension of the carrying on of any Regulated Activity by the body for the period specified in the Direction.
(4) A Direction under this section is enforceable, on the application of the Regulator, by an injunction.
(5) The fact that a rule made by a Recognised Body has been altered in response to a Direction given by the Regulator does not prevent it from being subsequently altered or revoked by the Recognised Body.