(1) The Commission may revoke its authorisation of a collective investment scheme if it determines—
(a) that any of the requirements for the granting of authorisation is no longer satisfied;
(b) that it is undesirable in the interests of the participants or potential participants that the scheme should continue to be authorised; or
(c) without prejudice to paragraph (b), that the manager or custodian of the scheme has contravened any provision of this Act or, in purported compliance with any such provision, has furnished the Commission with false, inaccurate or misleading information or has contravened any prohibition or requirement imposed under this Act.
(2) For the purposes of subsection (1)(b), the Commission may take into account any matter relating to the scheme, the manager or custodian, a director or controller of the manager or custodian or any person employed by or associated with the manager or custodian in connection with the scheme.