Cancellation of licence
12.—(1)  The Chief Executive may cancel a licence if —
(a)in the case of an import and wholesale licence, the holder of the licence ceases to carry out all of the activities authorised by the licence; or
(b)in the case of a retail licence, the holder of the licence ceases to carry out all of the activities authorised by the licence at the retail outlet in respect of which the licence was granted.
(2)  Where a licence is cancelled under paragraph (1), the Chief Executive may, if he considers appropriate, refund any part of the fee paid under these Regulations in respect of the licence.
[S 653/2004 wef 01/12/2004]