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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2001 - onwards
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Regulation 23 Ending of authorisation

(1) The Authority may revoke an authorisation order if it appears to it that -

(a) any requirement for the making of the order is no longer satisfied;

(b) the company, any of its directors or its depositary -

(i) has contravened any relevant provision; or

(ii) has, in purported compliance with any such provision, knowingly or recklessly given the Authority information which is false or misleading in a material particular;

(c) no regulated activity has been carried on in relation to the company for the previous twelve months; or

(d) it is desirable to revoke the authorisation order in order to protect the interests of shareholders or potential shareholders in the company.

(2) For the purposes of paragraph (1)(d), the Authority may take into account any matter relating to -

(a) the company or its depositary;

(b) any director or controller of the depositary;

(c) any person employed by or associated, for the purposes of the business of the company, with the company or its depositary;

(d) a

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