S.L. 545.12 Art. 4Suspension, revocation or cancellation of licence.

The Regulator may, at any time in the course of the period for which a licence is valid, order its suspension, revocation or cancellation where the Regulator is satisfied that:

(a) the holder of the licence has failed or is failing to comply with any condition of the licence or with these regulations; or

(b) the licensee does not possess all other relevant licences, permits and authorisations however so described that are required by any other public authority or Government department; or

(c) the holder of the licence is contravening any requirement imposed by law; or

(d) the holder of the licence fails to comply with any directive given by the Regulator; or

(e) any information submitted in the application for a licence or the application for renewal of a licence and for which the licence has been issued or renewed, as the case may be, is determined to be false; or

(f) if the holder of the licence does not meet any criteria in respect to one or more of the criteria referred to in regulation 3(2): Provided that in exercising the powers for suspension, revocation or cancellation of licences the Regulator may take into account the nature of the failure, or the fact that the holder of the licence is taking the appropriate steps which the Regulator considers to be necessary in order to comply with the conditions of the licence, these regulations or any other requirement that the Regulator may deem relevant.