CSD-1.3.6

The CBB may cancel any license held by a licensed clearing house or licensed central depository if:

(a) There exists a ground under which the CBB may refuse an application;
(b) The licensed clearing house or licensed central depository is in the course of being wound up or otherwise dissolved;
(c) The licensed clearing house or licensed central depository contravenes:
(i) Any condition or restriction applicable in respect of its license;
(ii) Any direction issued to it by the CBB;
(iii) Any provision in this Module; or
(iv) Any other CBB law, rule or regulation;
(d) The licensed clearing house or licensed central depository operates in a manner that is in the opinion of the CBB, contrary to the interests of the public or user; or
(e) Any information or document provided by the licensed clearing house or licensed central depository to the CBB is false or misleading.
Amended: April 2016