(1) The FCA may decide to withdraw temporarily the authorisation of a third party verifier if it appears to the FCA that -
(a) the third party verifier is materially non-compliant with Article 28(1) of the EU Securitisation Regulation 2017;
(b) the third party verifier has failed, during a period of at least 12 months, to provide a third party verification service;
(c) the third party verifier has obtained the authorisation to provide a third party verification service through false statements or other irregular means;
(d) the third party verifier has failed to comply with Article 28(2) of the EU Securitisation Regulation 2017; or
(e) it is desirable to do so to advance one or more of the FCA's operational objectives set out in section 1B(3) of the Act.
(a) revoke the temporary withdrawal imposed under paragraph (1); or
(b) vary the period for which the temporary withdrawal has effect.