The Capital Markets (Coffee Exchange) Regulations

14. Revocation of a licence

Edition: 2022-12-31 · In force

(1)The Authority may, by order in writing, revoke the licence of a coffee broker where it is satisfied that—

(a)the reasons for suspension of a licence under regulation 13 continue during the period of such suspension;

(b)a coffee broker whose licence has been suspended —

(i)is engaging or has engaged in insider trading, market manipulation or any other unfair practice or market abuse;

(ii)has been found guilty of fraud or convicted of a criminal offence;

(iii)has not complied with a directive of the Authority;

(c)the membership of that coffee broker has been cancelled by a coffee exchange or another securities exchange; or

(d)it is necessary for the protection of investors.

(2)The Authority shall, before issuing an order of revocation under paragraph (1), give the coffee broker an opportunity to be heard.