(1) Where the Bank registers a manager of a qualifying social entrepreneurship fund under the relevant Funds Regulation, it may impose such con ditions in the registration with respect to the conduct of the business of that person as it considers appropriate having had regard to paragraph (4).
(2) While the registration of a manager of a qualifying social entrepreneurship fund has effect, the Bank may, having had regard to paragraph (4), by notice in writing, impose such conditions as it considers appropriate with respect to the conduct of the business of that person.
(3) The Bank may, from time to time, by notice in writing given to the manager concerned, vary or revoke a condition imposed in accordance with paragraph (1) or (2) in such manner as it considers appropriate having had regard to paragraph (4).
(4) In imposing or varying a condition under paragraph (1), (2) or (3), the Bank shall ensure that the condition, or the condition as varied, is consistent with the objects of the r
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