LR-3.2.4
Past version: Effective from 01 Apr 2008 to 30 Sep 2010
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The CBB may amend or revoke a licence in any of the following cases:
(a) if the licensee fails to satisfy any of the license conditions;
(b) if the licensee violates the terms of this regulations or any of the Volume’s directives;
(c) if the licensee fails to start business within six months from the date of the licence;
(d) if the licensee ceases to carry out the licensed activity in the Kingdom; and
(e) the legitimate interests of the customers or creditors of a licensee required such amendment or cancellation.
October 2007