(1)If the Bank or the Governor has reasonably formed the opinion that a person is not of such fitness and probity as is appropriate to perform a particular controlled function, a specified part of a controlled function, or any controlled function, the Bank or the Governor, as the case may be, may, subject to subsections (3) and (4), impose on the person a prohibition that, as respects the controlled function, the specified part of a controlled function, or any controlled function -

(a) forbids the person -

(i) to carry out the function or part at all, or

(ii) to carry it out otherwise than in accordance with a specified condition or conditions,

(b) forbids the person -

(i) to carry out the function or part in relation to a specified regulated financial service provider or holding company or specified regulated financial service providers or holding companies,

(ii) to carry it out in relation to a specified class or specified classes of regulated financial service providers or holding companies, or

(iii) to carry it out in relation to any regulated financial service provider or holding company,

and