(1) The [FCA] may give a direction under this section if it appears to the [FCA] that—
(a) one or more of the requirements for the making of an authorisation order are no longer satisfied;
[(b) the manager or trustee of an authorised unit trust scheme has contravened, or is likely to contravene, a requirement imposed—
(i) by or under this Act; . . .
(ii) by [UCITS-related direct EU legislation];] [or
(iii) by the MMF Regulation or any directly applicable regulation or decision made under that Regulation [which constitutes retained direct EU legislation];]
(c) the manager or trustee of such a scheme has,
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