(1) The FCA may impose a requirement mentioned in paragraph (2) on a person to whom any of regulations 30 to 35 applies if it appears to the FCA that -
(a) the person has contravened, or is likely to contravene, a requirement imposed on it by or under these Regulations or the markets in financial instruments regulation;
(b) the person has, in purported compliance with any requirement imposed on it by or under these Regulations or the markets in financial instruments regulation, knowingly or recklessly given the FCA information which is false or misleading in a material particular; or
(c) it is desirable to exercise the power in order to advance one or more of the FCA's operational objectives (as defined by section 1B(3) [Section 1B(3) was inserted by section 6(1) of the Financial Services Act 2012.] (the FCA's general duties)) of the Act.
(2) For the purposes of paragraph (2) the FCA may impose a requirement that the person -
(a) take specified action; or
(b) refrain from taking specif
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