(1) The FCA may give a direction under this section if it appears to the FCA that -
(a) one or more of the requirements for the making of an authorisation order are no longer satisfied;
(b) the operator or depositary of an authorised contractual scheme has contravened, or is likely to contravene, a requirement imposed -
(i) by or under this Act;
(ii) by UCITS-related direct EU legislation; or
(iii) by the MMF Regulation or any directly applicable regulation or decision made under that Regulation which constitutes assimilated direct legislation;
(c) the operator or depositary of such a scheme has, in purported compliance with any such requirement, knowingly or recklessly given the FCA information which is false or misleading in a material particular; or
(d) none of paragraphs (a) to (c) applies, but it is desirable to give a direction in order to protect the interests of participants or potential participants in such a scheme.
(2) A direction under this section may -
(a) requir
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