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AU-4.3.4

As provided for under Article 48 of the CBB Law, 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 these Rules or any of the CBB'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; or
(e) The legitimate interests of the customers or creditors of a licensee required such amendment or cancellation.
January 2014