In exceptional circumstances — for instance where a licensee is in financial distress — the CBB may waive all or part of a license fee. In such situations, the CBB would normally reclaim waived fees, should the financial soundness of the licensee be restored. Where a license is cancelled (whether at the initiative of the firm or the CBB), no refund is paid for any months remaining in the calendar year in question, should a fee have been paid for that year.