(1)
The FMA may cancel a licence on the written application of the licensee.
(2)
Before cancelling a licence under subsection (1), the FMA must be satisfied that the licensee does not hold an appointment as a supervisor.
Section 17(2): amended, on 1 December 2014, by section 125 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).