S.L. 370.28 Art. 10Withdrawal of authorisation.

The competent authority may withdraw an authorisation granted in terms of these regulations where:

(a) the holder thereof no longer fulfils the conditions of authorisation or has contravened any of the conditions of authorisation;

(b) the holder thereof, or a person acting on its behalf, has furnished the competent authority with information which is false, inaccurate or misleading;

(c) authorisation has been obtained through false statements or by other irregular means; or

(d) the holder thereof has seriously and systematically infringed any Investment Services Rules issued in terms of regulation 5.