(1) An authorised investment firm shall comply at all times with the conditions and requirements of its authorisation.
(2) The Bank shall monitor compliance by an investment firm with its obligations under paragraph (1).
(3) An investment firm shall notify the Bank, without delay, of any material change in the conditions and circumstances as they obtain for the time being (and which relate to the firm) from those that obtained at -
(a) the time of the grant of its authorisation (and which related to the firm), or
(b) any subsequent time (and which related to the firm), being a time that was the occasion of the Bank imposing or amending any condition or requirement of the authorisation.
(4) The reference in paragraph (3) to conditions and circumstances obtaining at any time includes a reference to the conditions and circumstances that import any consideration to which the Bank is to have, or may have, regard under these Regulations in deciding whether to grant an authorisation or impos
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