Cancellation of registration
6.—(1) The grounds specified for the purposes of section 17(1)(e) of the Act as grounds on which the Commission may cancel the registration of a registered person in respect of a regulated activity are that the registered person—
(a)has made a statement which is false or misleading in a material respect, or provided false information, in relation to any application for—
(i)registration, or
(ii)the variation or removal of a condition in relation to their registration;
(b)has failed to pay any fees payable under provision under section 85 of the Act; or
(c)if the registered person is a service provider, is not, and has not been for a continuous period of 12 months ending with the date of the decision to cancel registration, carrying on that regulated activity.