1. While respecting the principle of proportionality, the competent authority shall take the appropriate measures referred to in paragraph 2, as applicable, where the manager of a qualifying venture capital fund:

(a) fails to comply with the requirements that apply to portfolio composition, in breach of Article 5;

(b) markets, in breach of Article 6, the units and shares of a qualifying venture capital fund to non-eligible investors;

(c) uses the designation "EuVECA" but is not registered in accordance with Article 14, or the qualifying venture capital fund is not registered in accordance with Article 14a;

(d) uses the designation 'EuVECA' for the marketing of funds which are not established in accordance with point (b)(iii) of Article 3;

(e) has obtained registration through false statements or any other irregular means, in breach of Article 14 or Article 14a;

(f) fails to act honestly, fairly or with due skill, care or diligence, in conducting their business, in breach of point (a) of Article 7;