(1) A licensee shall as soon as is practicable and in any event within 7 days give notice in writing to the Commission where—
(a) the licensee is a broker dealer, limited service broker, investment adviser or custodian and ceases to carry on the business to which its licence relates;
(b) a representative ceases to be a representative of the licensee to whom the representative is accredited; or
(c) a change occurs in any matter particulars of which are required by section 68 to be entered in the register of licensees.
(2) A licensee who fails to comply with subsection (1) commits an offence.