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2. If—
(a)a company is, or prior to dissolution was, prohibited under paragraph (2) of Article 3 from being a trustee of a scheme by reason of circumstances falling within sub-paragraphs (a) or (b) of that paragraph; and
(b)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, an individual who at the time of those acts or defaults was a director of the company,
the Authority (except where Article 3(2) applies) may by order prohibit from being a trustee of a particular trust scheme—
(i)the individual concerned;
(ii)any company of which the individual concerned is a director;
(iii)any company which has as a director, a company of which the individual concerned is a director;
(iv)any company which is subject to a power of appointment to a directorship, in favour of a company of which the individual concerned is a director;
(v)any company which automatically has as a director, any director or other nominee of another company of which latter company the individual concerned is a director.
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