[261U Revocation of authorisation order otherwise than by consent]
[261U Revocation of authorisation order otherwise than by consent]

[(1)     An authorisation order may be revoked by an order made by the FCA if it appears to the FCA that—

(a)     one or more of the requirements for the making of the order are no longer satisfied;

(b)     the operator or depositary of the scheme concerned has contravened a requirement imposed on the operator or depositary by or under this Act;

(c)     the operator or depositary of the scheme has, in purported compliance with any such requirement, knowingly or recklessly given the FCA information which is false or misleading in a material particular;

(d)     no regulated activity is being carried on in relation to the scheme and the period of that inactivity began at least twelve months earlier; or

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270 . . .
271 . . .