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EN-7.1.1

Article 48 of the CBB Law, empowers the CBB to cancel or amend a license under certain circumstances. These include cases where a licensee has:

(a) Failed to satisfy its license conditions;
(b) Violated the terms of the CBB Law, Regulations or Rulebook;
(c) Failed to start business within six months from the date of the license being issued;
(d) Ceased to carry out the licensed activities permitted; or
(e) Not acted in the legitimate interest of its customersG or creditors.
Amended: January 2007
Amended: October 2007
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