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bruneilawsby aturio
In forceAs enacted
Contents

Part VII · Capital Markets Services Licence and Representative'S Licence

165. Revocation of capital markets services licence or representative's licence

(1)

A licence granted under section 160 may be revoked by an order made by the Authority at the request, or with the consent, of the holder of the capital markets services licence.

(2)

If it appears to the Authority that a holder of a capital markets services licence or representative's licence

(a)

does not make use of the licence within 12 months, expressly renounces the licence or has not provided the services in the market for the preceding 6 months;

{b)

has obtained the licence by making false statements or by any other irregular means;

{c) is failing, or has failed, to satisfy the licence requirements;

(d)

is failing, or has failed, to comply with any other obligation imposed on him by or under this Order; or

{e) is not a fit and proper person to be licensed as providing the services in question, it may make an order revoking the licence of that holder even though the holder in question does not wish for the order to be made.

(3)

Report

Part VIII

Books, Audit and Client'S Assets

Part IX

Read on from Part IX

Part X

Intervention Powers of Authority

Read on from Part X

Part XI

Complaints Committee and Investor Compensation Scheme

Read on from Part XI

Part XII

Financial Markets Services Panel

Read on from Part XII

Part XIII

General

Read on from Part XIII