S.L. 545.17 Art. 23Termination of authorisation.

(1) When an authorised provider decides either to suspend or terminate his authorisation to carry out the activity of an importer and, or wholesaler of petroleum or to operate a primary storage facility or to bottle LPG, the authorised provider shall promptly notify the Regulator in the form prescribed by the Regulator.

(2) Upon notification of any such suspension or termination the authorised provider is obliged to notify the Regulator and to continue to operate for a minimum period of:

(a) twelve months in the case of the authorisation to carry out the activity of an importer and, or wholesaler of petroleum;

(b) twelve months in the case of the authorisation to operate a primary storage facility;

(c) eighteen months in case of the authorisation for the bottling of LPG.

(3) Upon termination of the period described in subregulation (2), the authorisation to carry out the activity of an importer and, or wholesaler of petroleum, the authorisation to operate a primary storage facility and the authorisation for the bottling of LPG shall be considered to have ceased and with immediate effect from such a date the importer and, or wholesaler’s business, the primary storage facility and the bottling of LPG business shall be deemed to be unauthorised.

(4) Notwithstanding any notification for cessation listed in subregulations (1) and (2), the authorised provider shall remain liable for the payment of any authorisation fees due prior to such notification.