254 Revocation of authorisation order otherwise than by consent
254 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 manager or trustee of the scheme concerned has contravened a requirement imposed on him by or under this Act;

(c)     the manager or trustee 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