(1) A person to whom regulation 47 applies must notify the relevant regulator if -

(a) an authorisation by a home state regulator is varied, or is to be varied;

(b) an authorisation by a home state regulator is to be cancelled;

(c) the person becomes the subject of a criminal investigation or criminal proceedings;

(d) the person is one in relation to whom an insolvency event occurs.

(2) A notification under paragraph (1) must be made as soon as reasonably practicable following the day on which it comes to the person's attention that an event referred to in that paragraph has occurred.

(3) For the purposes of paragraph (1), the notification must -

(a) be made in such manner, and during such period, and

(b) contain, or be accompanied by, such information,

as the relevant regulator may direct.

(4) In this regulation, "insolvency event" means -