The conditions referred to in section 55J(6) are as follows—
that the firm has failed, during a period of at least 6 months, to carry on a regulated activity which is an investment service or activity for which it has a Part 4A permission;
that the firm obtained the Part 4A permission by making a false statement or by other irregular means;
that the firm no longer satisfies the requirements for authorisation ... in relation to a regulated activity which is an investment service or activity for which it has a Part 4A permission;
that the firm has seriously and systematically infringed any assimilated direct legislation, or any provision made by or under this Act, which sets the operating conditions in relation to a regulated activity which is an investment service or activity for which it has a Part 4A permission;
that the firm has seriously or systematically infringed the markets in financial instruments regulation.
For the purposes of this section a regulated activity is an investment service or activity if it falls within the definition of "investment services and activities" in section 417(1).