(1) The Regulator may exercise its power on its own initiative under Rule 15.7.1 (1) or (2)(c) where:
(a) the DNFBP no longer meets the criteria for DNFBP registration;
(b) the DNFBP is in breach of, or has been in breach of, the Law or Rules or other Anti-Money Laundering Legislation;
(c) the DNFBP is insolvent or entering into administration;
(d) the DNFBP is no longer carrying on business in the ADGM; or
(e) the Regulator considers that exercising the power is necessary or desirable in the pursuit of its objectives in section 1.(3).