Licence Revocation
Cap 414 gives EWURA the mandate to cancel or revoke licences. EWURA shall specify the grounds upon which a licence may be cancelled or revoked and these grounds may differ from one licence to another depending on the terms and conditions of each licence. However, the common grounds for revocation or cancellation of a licence include: failure by the licencee to comply with the terms and conditions of a licence; failure by the licencee to comply with any Orders issued by EWURA in respect of the licence; when the licencee is declared insolvent or when the licencee abuses its market position.
EWURA shall consult its responsible Minister, and the relevant sector Minister before cancellation of a major or exclusive licence having a term of five or more years. |