Section 123ZG

there exists a ground on which the Authority may refuse an application under section 123ZE(5);

the corporation does not commence providing information in relation to a designated benchmark within 12 months starting on the date on which it was granted the authorisation under section 123ZE(1);

the corporation ceases to carry on a business or activity of providing information in relation to a designated benchmark;

where the corporation carries on a business or activity of providing information in relation to a designated benchmark, the Authority has withdrawn the designation of that designated benchmark under section 123C;

where the corporation carries on a business or activity of providing information in relation to a designated benchmark in respect of more than one designated benchmark, the Authority has withdrawn the designation of all of those designated benchmarks under section 123C;

the Authority has reason to believe that the corporation, or any of its officers or employees, has not performed its or their duties efficiently, honestly or fairly;

the corporation has contravened any condition or restriction applicable in respect of its authorisation, any written direction issued to it by the Authority under this Act, or any provision of this Act, or has failed to comply with any principle or rule under the code on designated benchmark of the authorised benchmark administrator or exempt benchmark administrator to which it provides information;

it appears to the Authority that the corporation has failed to satisfy any of its obligations in compliance with, under or arising from —

this Act; or

any written direction issued by the Authority under this Act;

the Authority has reason to believe that the corporation is carrying on a business or activity of providing information in relation to a designated benchmark in a manner that is contrary to the interests of the public or a section of the public;

the corporation has provided any information or document to the Authority that is false or misleading; or

a prohibition order under section 123ZZC has been made by the Authority, and remains in force, against the corporation.

suspend the authorisation granted to an authorised benchmark submitter for a specific period instead of revoking it under subsection (1); and

at any time extend or revoke the suspension.

there is any matter concerning the corporation which should be investigated before the authorisation is withdrawn; or

the withdrawal of the authorisation would not be in the public interest.

revoke the authorisation granted to an authorised benchmark submitter under subsection (1);

suspend the authorisation granted to an authorised benchmark submitter under subsection (2); or

refuse the withdrawal of the authorisation granted to an authorised benchmark submitter under subsection (4),without giving the authorised benchmark submitter an opportunity to be heard.

the corporation is in the course of being wound up or otherwise dissolved, whether in Singapore or elsewhere;

a receiver, a receiver and manager or an equivalent person has been appointed, whether in Singapore or elsewhere, for or in respect of any property of the corporation;

the corporation has been convicted, whether in Singapore or elsewhere, of an offence involving fraud or dishonesty or the conviction for which involved a finding that it had acted fraudulently or dishonestly;

the Authority has withdrawn the designation of the designated benchmark under section 123C;

a prohibition order under section 123ZZC has been made by the Authority, and remains in force, against the corporation.