Cancellation, etc., of certificates or licences

The Minister may, subject to sections 30 and 31 of this Act, cancel a certificate or licence, or impose new or additional conditions, restrictions or limitations in respect of such (a) at the request of the holder thereof; or (b) in the event that the holder thereof, 32 (i) has ceased to carry on business in or from within Belize; (ii) has contravened any provision of this Act, the regulations or the Code of Practice prescribed under section 24 of this Act or any term, condition, restriction or limitation attached to the holder’s certificate or licence, as the case may be; (iii) has been convicted of an offence under this Act or a criminal offence in any country or jurisdiction; (iv) has knowingly and wilfully supplied false, misleading or inaccurate information or failed to disclose information required for the purposes of any provision of this Act or the (v) is carrying on business in a manner detrimental to the interests of mutual funds investors or to the public interest; or (vi) is declared bankrupt or is being wound- up or otherwise dissolved.