AU-5.5.7

Past version: Effective up to 30 Jun 2007
To view other versions open the versions tab on the right

Normally, where cancellation of a license has been confirmed by BMA, BMA will only effect the cancellation once a licensee has discharged all its regulatory responsibilities to clients. Until such time, BMA will retain all its regulatory powers with regards to the licensee, and will direct the licensee such that no new investment activity may be undertaken whilst the licensee discharges its obligations to clients.