1. Competent authorities shall withdraw the authorisation of an issuer of an asset-referenced token in any of the following situations:

(a) the issuer has ceased to engage in business for six consecutive months, or has not used its authorisation for 12 consecutive months;

(b) the issuer has obtained its authorisation by irregular means, such as by making false statements in the application for authorisation referred to in Article 18 or in any crypto-asset white paper modified in accordance with Article 25;

(c) the issuer no longer meets the conditions under which the authorisation was granted;

(d) the issuer has seriously infringed the provisions of this Title;

(e) the issuer has been subject to a redemption plan;

(f) the issuer has expressly renounced its authorisation or has decided to cease operations;