18.—(1) If a CIO is being wound up and—
(a)the Commission has reasonable cause to believe that no liquidator is acting or that the affairs of the CIO are fully wound up; and
(b)the returns required to be made by the liquidator have not been made for a period of 6 consecutive months,
the Commission must publish, in such manner as it thinks fit, notice of its intention to dissolve the CIO after 3 months beginning with the date of the notice unless cause is shown to the contrary.
(2) The Commission must send the CIO and the liquidator (if any) a copy of the notice published under paragraph (1).
(3) No earlier than 3 months after the publication of the notice of intention the Commission must, unless cause has been shown to the contrary, dissolve the CIO by removing it from the register.