(1) The Central Bank may, if it is satisfied that it is appropriate to do so, suspend the operation of, or revoke, the authorisation of a mortgage credit intermediary where the mortgage credit intermediary:
(a) expressly renounces the authorisation or has carried out neither credit intermediation activities referred to in the definition of "mortgage credit intermediary" in Regulation 4 nor provided advisory services for the preceding 6 months;
(b) has obtained the authorisation through false or misleading statements or any other irregular means;
(c) no longer fulfils the requirements under which authorisation was granted;
(d) has seriously or on a systematic basis contravened the provisions of these Regulations that govern the operating conditions for mortgage credit intermediaries;
(e) no longer satisfies a condition specified in these Regulations for authorisation as a mortgage credit intermediary.
(2) Whenever the Central Bank proposes to refuse to grant, or proposes to suspend the
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