AU-4.2.4

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 the CBB Rulebook;
(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; or
(e) The legitimate interests of the customers or creditors of a licensee required such amendment or cancellation.
Amended: October 2019
April 2016