(1) In this Regulation:
"termination process", in relation to an authorised investment firm (including a natural person where appropriate) or to the market operator of a regulated market, or to an associated or related undertaking of such a firm or operator, means any -
(a) proceedings relating to the winding-up, dissolution or termination of the firm or operator,
(b) receivership or bankruptcy proceedings of which the firm or operator is the subject, or
(c) any other such proceedings under law under which an assignee or other person becomes responsible for the firm's or operator's affairs pending the firm or operator ceasing to carry on business.
(2) The Bank may apply to the Court in a summary manner for an order confirming a direction given by the Bank under Regulation 147 or 148.
(3) Notwithstanding paragraph (2), if the Bank is of the opinion that a direction given by the Bank under Regulation 147 or 148 is not being complied with, the Bank shall apply to the Court in a summa