(1) The Regulator may, pursuant to its power under section 199(1) of the FSMR, issue a written notice directing a Reporting Entity (a "Direction Notice") to disclose specified information to the market and to take any other steps as the Regulator considers appropriate in the following circumstances:
(a) where a Reporting Entity fails to comply with an obligation to disclose any information under the FSMR and these Rules;
(b) to correct or prevent a false market if the Regulator reasonably considers that there is or is likely to be a false market in a Reporting Entity's Securities;
(c) where there is a rumour or media speculation in relation to the Reporting Entity or the Relevant Securities that has not been confirmed or clarified by an announcement by the Reporting Entity made in accordance with Rule 7.2.1 and such rumour or media speculation is or is reasonably likely to have an impact upon the price of the Reporting Entity or the Relevant Securities; or
(d) where it is in the interests of:
(i) actual or potential investors;
(ii) market integrity; or
(iii) the ADGM.
(2) A Reporting Entity which receives a Direction Notice issued pursuant to (1) must comply with the terms of that notice.