(1) Without prejudice to the power of the Bank to withdraw an authorisation under Regulation 21(1), the Bank may apply to the Court in a summary manner for an order revoking an authorisation to operate as an investment firm if the revocation is expedient -
(a) in the interests of the proper and orderly regulation and supervision of investment firms,
(b) in order to protect investors, or
(c) in one or more of the circumstances described in paragraph (2).
(2) The circumstances referred to in paragraph (1) are as follows:
(a) the investment firm has been convicted on indictment of any offence -
(i) under these Regulations,
(ii) under any enactment under which the Bank exercises statutory functions, or
(iii) involving fraud, dishonesty or breach of trust;
(b) circumstances have materially changed since the granting of the authorisation such that, if an application for the authorisation were made at the time of the application to the Court, a different decision would be taken in relati