(1) Subject to this section, the Court may, on application to it by the Board, make an order directing the trustees of a scheme or trust RAC to dispose of any investment held for the purposes of the scheme or trust RAC.
(2) The Court may make an order under subsection (1) when it is satisfied that the retention of the investment is likely to jeopardise the rights and interests under the scheme or trust RAC of the members of the scheme or trust RAC.
(3) Subject to subsection (4), where the Court makes an order under subsection (1) it may by that order, or by a further order, direct the trustees, and any other person who the Court is satisfied was knowingly concerned in the investment, to take such steps as the Court may direct for restoring the resources of the scheme or trust RAC to the level at which they would have been if the investment had not been made.
(4) An order under subsection (3) shall not be made unless the Court is satisfied that the investment was not made bona fide in t
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