(1) Without prejudice to the power of the Bank to withdraw an authorisation under Regulation 13(1), the Bank may apply to the Court in a summary manner for an order revoking an authorisation that has been granted to 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),

and on the making of such an application the Court may grant such an order accordingly.

(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 performs functions, or

(iii) involving fraud, dishonesty or breach of trust;