(1) Where the Bank is of the opinion that -
(a) it is in the public interest to do so,
(b) it is in the interests of the orderly and proper regulation of UCITS,
(c) any of the requirements for authorising a UCITS are no longer satisfied, or
(d) the management company, investment company or depositary of such a UCITS -
(i) has become or is likely to become unable to meet its obligations to its creditors,
(ii) has contravened any provision of these Regulations, or has failed to comply with any condition or requirement imposed under these Regulations by the Bank, or in purported compliance with any such provision, has provided the Bank with information that it knows to be false, inaccurate or misleading,
(iii) is not maintaining adequate capital resources having regard to the volume and nature of its business, or
(iv) no longer complies with the capital or other financial requirements imposed by the Bank from time to time,
the Bank may give a direction in writing to the management company
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