258 Applications to the court

258  Applications to the court

(1)     If the [FCA] could give a direction under section 257, it may also apply to the court for an order—

(a)     removing the manager or the trustee, or both the manager and the trustee, of the scheme; and

(b)     replacing the person or persons removed with a suitable person or persons nominated by the [FCA].

(2)     The [FCA] may nominate a person for the purposes of subsection (1)(b) only if it is satisfied that, if the order was made, the requirements of section 243(4) to (7) would be complied with.

(3)     If it appears to the

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