(1) The Bank may withdraw an authorisation to operate a regulated market if the market operator of the regulated market -

(a) does not make use of the authorisation within 12 months after the date the authorisation was granted,

(b) expressly renounces the authorisation,

(c) obtained the authorisation by making false statements or by any other irregular means,

(d) no longer meets the conditions under which the authorisation was granted or the requirements for authorisation specified in Regulation 57,

(e) is being wound up, or

(f) has contravened any provision of these Regulations that governs the operation of regulated markets or Regulation (EU) No 600/2014 and the contravention or contraventions is or are, in the opinion of the Bank, of a serious and systematic nature.

(2) The Bank may withdraw an authorisation to operate a regulated market if the regulated market has not been in operation for the immediately preceding 6 months.