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AU-5.5.3

Failure to comply with Rule AU-5.5.1 constitutes a breach of Article 50(a) of the CBB Law. The CBB will only approve such a request where it has no outstanding regulatory concerns and any relevant customer interests would not be prejudiced. A voluntary surrender of a license will not be accepted where it is aimed at pre-empting supervisory actions by the CBB. A voluntary surrender will only be allowed to take effect once the licenseeG , in the opinion of the CBB, has discharged all its regulatory responsibilities to customers.

Amended: January 2011
Amended: July 2007
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