3.—(1) The Authority may by order prohibit a person from being a trustee of a particular trust scheme in any of the following circumstances.
(2) The circumstances are—
(a)that the Authority are satisfied that while being a trustee of the scheme the person has been in serious or persistent breach of any of his duties under—
(i)this Part, other than the following provisions: Articles 51 to 54, 62 to 65 and 108 to 110, or
(ii)the following provisions of the Pension Schemes Act: section 2 (registration), Chapter IV of Part IV (transfer values), section 109 (information) and section 170 (levy),
(b)that the Authority are satisfied that, while being a trustee of the scheme, this Article has applied to the person by virtue of any other provision of this Part,
(c)that the person is a company and any director of the company is prohibited under this Article from being a trustee of the scheme, or
(d)that the person is a director of a company which, by reason of circumstances falling within sub-paragraph (a) or (b), is prohibited under this Article from being a trustee of the scheme and the Authority are satisfied that the acts or defaults giving rise to those circumstances were committed with the consent or connivance of, or attributable to any neglect on the part of, the director; or any other prescribed circumstances.
(3) The making of an order under paragraph (1) against a person who is a trustee of the scheme in question has the effect of removing him.
(4) The Authority may, on the application of any person against whom an order under paragraph (1) is in force, by order revoke the order, but a revocation made at any time cannot affect anything done before that time.