(ii) has breached any term or condition subject to which
the approval was granted; or
(iii) is no longer a fit and proper person to act as a relevant
authorised person; or
(b) the Commissioner considers that it is in the public interest to
do so.
(2) The Commissioner shall, before cancelling the approval of a
person as an authorised person under subsection (1) —
(a) give the affected person notice in writing of his intention to do
so;
(b) specify a date, not less than 21 days after the date of the
notice, upon which the cancellation shall take effect; and
(c) call upon the affected person to show cause to the
Commissioner why his approval as an authorised person
should not be cancelled.
(3) If the person to whom a notice has been given under
subsection (2) —
(a) fails to show cause within the period of time given to him to
do so or such extended period of time as the Commissioner
may allow; or
(b) fails to show sufficient cause,
the Commissioner shall give notice in writing to that person of the date
from which the cancellation of the approval shall take effect.
(4) A person whose approval as an authorised person has been
cancelled may, within 14 days after the receipt of the notice referred to
in subsection (3), appeal in writing against the cancellation to the
Minister whose decision shall be final.
Surrender of certificate
36. A person whose approval as an authorised person has been
cancelled by the Commissioner under section 35 shall, within 7 days
of the date of the cancellation, surrender his certificate of approval
issued under section 33(5).