2P. Surrender of licence
Feedback & supportLast amended by an amending law of 2011.
A licensee may at any time surrender his licence to the Committee for cancellation.
If a licensee applies to the Committee for a new licence in substitution for the current licence, he shall, if a new licence is granted to him, surrender the current licence for cancellation on or before the date from which the new licence is to take effect.
Upon the Committee approving the assignment of a licence from a licensee to another, the licensee shall without delay surrender the licence in its possession to the Committee for cancellation.
Subregulation 1
A licensee may at any time surrender his licence to the Committee for cancellation.
Subregulation 2
If a licensee applies to the Committee for a new licence in substitution for the current licence, he shall, if a new licence is granted to him, surrender the current licence for cancellation on or before the date from which the new licence is to take effect.
Subregulation 3
Upon the Committee approving the assignment of a licence from a licensee to another, the licensee shall without delay surrender the licence in its possession to the Committee for cancellation.