MIR 6.8.3

The Regulator will usually consider revoking a recognition order if:

(a) the Recognised Body is failing or has failed to satisfy one or more of the Recognition Requirements and that failure has or will have serious consequences; or
(b) it would not be possible for the Recognised Body to comply with a direction under the Regulator's power to give directions; or
(c) for some other reason, it would not be appropriate for the Regulator to give a direction under its power to give directions; or
(d) it has not carried on the business of a Recognised Body during the 12 months beginning with the day on which the recognition order took effect in relation to it, or it has not carried on the business of a Recognised Body at any time during the period of six months ending with the day the recognition order is revoked.