Singapore legislation
Section 35
Section 35
Cancellation of approval
(1)
The Commissioner may suspend or cancel the approval of a person as an authorised person if —
the Commissioner is satisfied that the person —
had obtained or procured the person’s approval by fraud or misrepresentation;
has breached any term or condition subject to which the approval was granted; or
is no longer a fit and proper person to act as a relevant authorised person; or
the Commissioner considers that it is in the public interest to do so.
(2)
The Commissioner must, before cancelling the approval of a person as an authorised person under subsection (1) —
give the affected person written notice of the Commissioner’s intention to do so;
specify a date, at least 21 days after the date of the notice, upon which the cancellation takes effect; and
call upon the affected person to show cause to the Commissioner why the Commissioner’s approval as an authorised person should not be cancelled.
(3)
If the person to whom a notice has been given under subsection (2) —
fails to show cause within the period of time given to the person to do so or such extended period of time as the Commissioner may allow; or
fails to show sufficient cause,the Commissioner must give written notice to that person of the date from which the cancellation of the approval takes effect.
(4)
A person whose approval as an authorised person has been cancelled may, within 14 days after the receipt of the notice mentioned in subsection (3), appeal in writing against the cancellation to the Minister whose decision is final.