(1) The conditions referred to in section 55J(6) are as follows -
(a) that the firm has failed, during a period of at least 6 months, to carry on a regulated activity which is an investment service or activity for which it has a Part 4A permission;
(b) that the firm obtained the Part 4A permission by making a false statement or by other irregular means;
(c) that the firm no longer satisfies the requirements for authorisation in relation to a regulated activity which is an investment service or activity for which it has a Part 4A permission;
(d) that the firm has seriously and systematically infringed any assimilated direct legislation, or any provision made by or under this Act, which sets the operating conditions in relation to a regulated activity which is an investment service or activity for which it has a Part 4A permission;
(e) that the firm has seriously or systematically infringed the markets in financial instruments regulation.
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