[(1) If the appropriate regulator is satisfied that the conditions in section 71D(1) and (2) are met in relation to a relevant firm, the appropriate regulator may require the firm to remove—
(a) any person who is a director of the firm;
(b) any person who is a senior executive of the firm.
(2) If the appropriate regulator imposes a requirement under subsection (1), the regulator may also require the relevant firm—
(a) to replace a director or senior executive who has been removed,
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