(1) Where the auditor of a UCITS which has been authorised by the Bank -
(a) has reason to believe that the information provided to investors or to the Bank in the reports or other documents of the UCITS does not truly describe the financial situation and the assets and liabilities of the UCITS,
(b) has reason to believe that the assets of the UCITS are not or have not been invested in accordance with these Regulations or the prospectus or the trust deed or the deed of constitution or the articles,
(c) has reason to believe that there exist circumstances which are likely to affect materially the ability of the UCITS to fulfil its obligations to unit-holders or meet any of its financial obligations under these Regulations,
(d) has reason to believe that there are material defects in the financial systems and controls or accounting records of the UCITS,
(e) has reason to believe that any fact or decision concerning a UCITS is liable to -
(i) constitute a material breach of the laws, regu
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