(1) If the competent authority considers that a person ("A") has contravened a relevant requirement, it may -

(a) give a notice requiring A to cease the conduct giving rise to the contravention and to abstain from any repetition of that conduct,

(b) publish a statement (which may take the form of a reprimand or severe reprimand) to that effect,

(c) make an order prohibiting A permanently or for a specified period from carrying out statutory audits or signing audit reports,

(d) in a case where an audit report by A does not satisfy -

(i) the audit reporting requirements, or

(ii) the requirement in regulation 4(1),

make a declaration to that effect, and, where appropriate, order A to forego fees payable to A in connection with the carrying out of the statutory audit or to repay such fees,

(e) make an order prohibiting A for a specified period of up to three years from being a member of the management body of a firm that is eligible for appointment as a statutory auditor,