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AU-5.5.4

As provided for under Article 48(c) of the CBB Law, the CBB may itself move to cancel a license, for instance if a licenseeG fails to satisfy any of its existing license conditions or protecting the legitimate interests of customers or creditors of the licenseeG requires a cancellation. The CBB generally views the cancellation of a license as appropriate only in the most serious of circumstances, and generally tries to address supervisory concerns through other means beforehand. See also Chapter EN-7, regarding the cancellation or amendment of licenses, including the procedures used in such instances and the licensee'sG right to appeal the formal notice of cancellation issued by the CBB.

Amended: October 2011
Amended: July 2007
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