Singapore legislation
Clause 17
Clause 17
Cancellation of designation
(1)
The competent authority may cancel the designation of an entity —
on the initiative of the competent authority; or
on an application by the designated entity.
(2)
An application for cancellation must be made in the prescribed form and manner.
(3)
The competent authority may reject an application to cancel the designation of an entity without considering the merits of the application if the application is made within 12 months —
after the entity was designated; or
after an earlier application by the entity was rejected on its merits.
(4)
If the competent authority decides to cancel the designation of an entity, the competent authority must give notice of the decision to the entity.
(5)
The cancellation of a designation takes effect from —
the date on which notice is given under subsection (4); or
any later date specified by the competent authority.