(1) Where, on an application made in a summary manner by the Bank, the Court is of the opinion that there has occurred or is occurring a failure by an authorized UCITS to comply with a requirement or condition imposed by virtue of these Regulations the Court may, by order, prohibit the continuance of the failure by the UCITS concerned.
(2) The Court when considering the matter may make such interim or interlocutory order as it considers appropriate.
(3) Where the Court is satisfied, because of the nature or the circumstances of the case or otherwise in the interests of justice, that it is desirable, the whole or any part of the proceedings under this Regulation may be heard otherwise than in public.
(4) In this Regulation "the Court" means the High Court.