(1) The Bank shall require that an authorised management company complies at all times with the conditions laid down in Regulations 16 and 17(1) to (9).
(a) The own funds of a management company may not fall below the level required by Regulation 17.
(b) Where they do, however, the Bank may, where the circumstances justify it, allow such management company a limited time period in which to rectify the situation or cease its activities.