S.L. 217.26 Art. 8Revocation or suspension of licence. 

(1) Where the Agency considers that an agent, or any person acting on behalf of an agent, has contravened or defaulted upon any of the provisions of these regulations or has failed to satisfy or comply with any obligation, requirement or condition to which he may be subject for the purpose of these regulations, or has reasonable and sufficient grounds to consider at any time that he is no longer a fit and proper person, it may revoke or suspend an agent’s licence after giving the agent a reasonable time, which shall not in any case be less than ten (10) days, to make submissions in writing.

(2) Without prejudice to the provisions of sub-regulation (1), if the Agency has reasonable and sufficient grounds to consider at any time that a person acting on behalf of an agent is no longer a fit and proper person, the Agency shall be empowered to demand the substitution of the said person within a time fixed by the Agency.