Section 81Y
Cancellation of approval
of Securities and Futures Act 2001
ActIn forceProvision 176 of 701
Section 81Y
(1)
An approved holding company which intends to cease its activities as an approved holding company may apply to the Authority to cancel its approval.
(2)
The Authority may cancel the approval if it is satisfied that the approved holding company referred to in subsection (1) has ceased its activities as an approved holding company.