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S.L. 409.16 · Timeshare And Timeshare-Like Products (S.L. 409.16)

S.L. 409.16 Art. 10Suspension or cancellation of licence.

En vigueurTexte officiel

(1) Where the Authority is satisfied that an OPC

representative has -

(a) behaved in an improper manner not befitting his duties and responsibilities;

(b) acted in contravention of any of the provisions of the Act or of these regulations or of any other regulations made under the Act, or has failed to do something which he is required to do by the Act or by these regulations, or acted in breach of any conditions attached to his licence; or

(c) has been convicted of an offence under the Act or under these regulations, or of any other offence which, in the opinion of the Authority, renders him unfit to continue to act as an OPC representative, the Authority may, having regard to the circumstances of the case, suspend or revoke the licence issued in favour of that OPC representative.

(2) In the case of any suspension, as is referred to in sub-regulation (1), such suspension shall not exceed a period of five years.

(3) Where the licence of an OPC representative has been suspended or revoked in terms of sub-regulation (1), the OPC representative shall not be eligible for a licence before the lapse of the period of such cancellation or revocation.