26. For paragraph 5(1) substitute—
“(1) The Department may revoke a person’s registration as a broker—
(a)if—
(i)that person or a relevant person has been convicted of a relevant offence; and
(ii)in the opinion of the Department, it is undesirable for that person to continue to be a registered broker; or
(b)if, in the opinion of the Department, it is otherwise undesirable for that person to continue to be a registered broker.”.