Any of the following persons may at any time apply to the Court of Session for directions as to the exercise of the functions of a receiver appointed under section 396P—
the receiver;
a party to the proceedings for the appointment of the receiver or the interim freezing order concerned;
a person affected by an action taken by the receiver;
a person who may be affected by an action proposed to be taken by the receiver.
Before it gives directions under subsection (1), the court must give an opportunity to be heard to—
the receiver;
the parties to the proceedings for the appointment of the receiver and for the interim freezing order concerned;
any person who may be interested in the application under subsection (1).
The court may at any time vary or recall—
the appointment of a receiver under section 396P,
an order under section 396Q, or
directions under this section.
Before exercising a power under subsection (3) the court must give an opportunity to be heard to—
the receiver;
the parties to the proceedings for the appointment of the receiver, for the order under section 396Q or (as the case may be) for the directions under this section;
the parties to the proceedings for the interim freezing order concerned;
any person who may be affected by the court's decision.