TITLE IIIAUTHORISATION AND SUPERVISION OF CCPs
CHAPTER 1 Conditions and procedures for the authorisation of a CCP
Article 20Withdrawal of authorisation
1.
F1The CCP’s competent authority shall withdraw authorisation where the CCP:
(a)
has not made use of the authorisation within 12 months, expressly renounces the authorisation or has provided no services or performed no activity for the preceding six months;
(b)
has obtained authorisation by making false statements or by any other irregular means;
(c)
is no longer in compliance with the conditions under which authorisation was granted and has not taken the remedial action requested by the CCP’s competent authority within a set time frame;
(d)
has seriously and systematically infringed any of the requirements laid down in this Regulation.
F22.
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F23.
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F24.
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5.
The CCP’s competent authority may limit the withdrawal to a particular service, activity, or class of financial instruments.
F36.
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F47.
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