Cancellation of licence
11.—(1)  The Director may cancel a licence granted under these Regulations in respect of any retail outlet if the licensee ceases to carry on business in respect of that retail outlet.
(2)  Where a licence is cancelled under this regulation, the Director may, in his discretion, allow a refund of one-twelfth of the fee specified in regulation 5(4) for each month in respect of which the licence would have remained valid had it not been cancelled.