Section 165
of Securities Markets Order, 2013
Section 165
(2)
If it appears to the Authority that a holder of a capital markets services licence or representative's licence
(a)
does not make use of the licence within 12 months, expressly renounces the licence or has not provided the services in the market for the preceding 6 months;
{b)
has obtained the licence by making false statements or by any other irregular means;
{c) is failing, or has failed, to satisfy the licence requirements;
(d)
is failing, or has failed, to comply with any other obligation imposed on him by or under this Order; or
{e) is not a fit and proper person to be licensed as providing the services in question, it may make an order revoking the licence of that holder even though the holder in question does not wish for the order to be made.