51. Withdrawing a Licence

Past version: effective up to 22/12/2012
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The DFSA may withdraw a Licence of an Authorised Firm or Authorised Market Institution where:

(a) as a consequence of withdrawal of authorisation in relation to one or more Financial Services under Article 50, the person is no longer authorised to carry on any Financial Service;
(b) the person is no longer fit and proper to hold a Licence;
(c) the person has failed to remove a controller in the circumstances described in Article 64; or
(d) the person asks the DFSA to withdraw the Licence.