Clause 11
Effect of revocation
of Money-changing and Remittance Businesses Bill
BillNot in forceProvision 11 of 20
Clause 11
(1)
Where an order of revocation becomes effective under section 10, the licensee concerned shall cease to carry on money-changing or remittance business, as the case may be.
(2)
The provisions of subsection (1) shall not prejudice the enforcement by any person of any right or claim against the licensee concerned or by the licensee concerned of any right or claim against any person arising out of or concerning any matter or thing done prior to the revocation of the licence.