Revocation or suspension of licence
10.—(1)  The Chief Executive may, if he is satisfied that a holder of a licence is in breach of any term or condition contained in the licence or any of the provisions of the Act or these Regulations, revoke or suspend his licence.
(2)  The Chief Executive shall notify the holder of the licence in writing of such revocation or suspension of his licence by registered post or such other means as the Chief Executive may determine.
(3)  The effective date of the revocation or suspension of the licence shall be —
(a)where a date is specified in the written notice referred to in paragraph (2) as the effective date of the revocation or suspension of the licence, that date so specified; or
(b)where no date is specified in the written notice as the effective date of the revocation or suspension of the licence, the date on which the holder of the licence receives the written notice.
(4)  The holder of the licence shall surrender his licence to the Chief Executive within 7 days from the effective date of the revocation or suspension of his licence.