1. Without prejudice to powers vested in the FCA under FSMA, the OEIC Regulations or the AIFM Regulations, as applicable, the FCA shall, while respecting the principle of proportionality, take the appropriate measures referred to in paragraph 2 where an MMF or the manager of an MMF:

(a) fails to comply with any of the requirements regarding asset composition, in infringement of Articles 9 to 16;

(b) fails to comply with any of the portfolio requirements, in infringement of Article 17, 18, 24 or 25;

(c) has obtained authorisation through false statements or any other irregular means, in infringement of Article 4 or 5;

(d) uses the designation 'money market fund', 'MMF' or of another designation that suggests that a UCITS or AIF is an MMF, in infringement of Article 6;

(e) fails to comply with any of the requirements regarding the internal credit quality assessment, in infringement of Article 19 or 20;