(1) The Bank may withdraw an authorisation granted under Regulation 85 to operate as a data reporting services provider if the provider -
(a) fails to provide data reporting services during the 12 month period after the date of the authorisation,
(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
(e) has seriously and systematically contravened the provisions of these Regulations or of Regulation No. 600/2014.
(2) Other than in the circumstances outlined in paragraph (1)(a), the Bank may withdraw an authorisation granted under Regulation 85 to operate as a data reporting services provider to an investment firm if the investment firm has not provided data reporting services for the immediately preceding 6 months.