MIR 6.5.5

Before giving such a direction under Rule 6.5.4, the Regulator shall consult the Recognised Body in question, and the Regulator shall not give a direction unless the Regulator is satisfied, in the light of that consultation that:

(a) failure to take action would involve undue risk to investors or other participants in the market;
(b) the direction is necessary having regard to the public interest in the financial stability of the Abu Dhabi Global Market; or
(c) the direction is necessary to facilitate a proposed or possible use of a power under COBS 16 or in connection with a particular exercise of a power under that Part.