MIR 6.5.7

Before giving a direction under Rule 6.5.6, 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) the taking of action would be premature or otherwise undesirable in the interests of 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.