(1) Without prejudice to the power of the Bank under Regulation 62 to withdraw an authorisation, the Bank may apply to the Court in a summary manner for an order revoking an authorisation to operate a regulated market if the revocation is expedient -
(a) in the interests of the proper and orderly regulation and supervision of the market operator and the regulated market,
(b) in order to protect investors, or
(c) in one or more of the circumstances described in paragraph (2),
and on the making of such an application the Court may grant such an order accordingly.
(2) The circumstances referred to in paragraph (1) are as follows:
(a) the market operator has been convicted on indictment of any offence -
(i) under these Regulations,
(ii) under any enactment under which the Bank performs functions, or
(iii) involving fraud, dishonesty or breach of trust;
(b) circumstances have materially changed since the granting of the authorisation such that, if an application for the authorisation were m
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