(1) If the Minister reasonably believes that there may be grounds for revoking an authorisation under section 97, the Minister may serve on the holder of the authorisation a direction in writing prohibiting the holder from carrying on business as a trust or company service provider other than in accordance with conditions specified by the Minister.
(2) The Minister shall include in a direction under this section a statement -
(a) setting out the reasons for giving the direction,
(b) informing the holder of the authorisation concerned that -
(i) the holder may appeal to an Appeal Tribunal against the direction, and
(ii) if the holder proposes to appeal to an Appeal Tribunal against the direction, the holder may, within one month after being served with the direction, serve a notice of intention to appeal on the Minister in the form provided or specified by the Minister,
and
(c) specifying the conditions with which the holder of the authorisation is required to comply.
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