[71B Removal of directors and senior executives]
[71B Removal of directors and senior executives]

[(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, and