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CSD-1.3.6

The CBB may cancel any license held by a licensed clearing houseG or licensed central depositoryG if:

(a) There exists a ground under which the CBB may refuse an application;
(b) The licensed clearing houseG or licensed central depositoryG is in the course of being wound up or otherwise dissolved;
(c) The licensed clearing houseG or licensed central depositoryG contravenes:
(i) Any condition or restriction applicable in respect of its licenseG ;
(ii) Any direction issued to it by the CBB;
(iii) Any provision in this Module; or
(iv) Any other CBB law, rule or regulation;
(d) The licensed clearing houseG or licensed central depositoryG operates in a manner that is in the opinion of the CBB, contrary to the interests of the public or user; or
(e) Any information or document provided by the licensed clearing houseG or licensed central depositoryG to the CBB is false or misleading.
Amended: April 2016
 Versions
(2 Versions)
 
May 1 2009 - Mar 31 2016Apr 1 2016 onwards
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