(1) Where the Bank is of the opinion that -
(a) the market operator of a regulated market, or
established in another Member State and operating in the State is in breach of the obligations arising from or adopted under these Regulations, the Bank shall refer those findings to the competent authority of the home Member State of the regulated market or the MTF.
(2) If, following a referral of the Bank's findings under paragraph (1), the operator of the regulated market or the MTF persists in acting in a manner that, in the opinion of the Bank, is prejudicial to -
(a) the interests of Irish investors, or
(b) the orderly functioning of Irish markets,
the Bank, after informing the competent authority of the home Member State, may take all the appropriate measures under these Regulations that are needed in order to protect investors and the proper functioning of the markets.
(3) Those measures include but are not limited to preventing the market operator of the regulated mark