(1) Without prejudice to Regulation 16, the Bank may impose conditions, requirements or both on an investment firm which is constituted as an unincorporated body of persons or which is a natural person in order to monitor the solvency of the firm, its proprietors or both.
(2) The Bank may impose conditions, requirements or both on an investment firm which is constituted as an unincorporated body of persons or which is a natural person in order to achieve an equivalent level of supervision to that pertaining to an investment firm which is constituted as a corporate body.