(1) The Commission may suspend a securities exchange licence granted under section 10 if the company—
(a) temporarily ceases to operate the securities exchange;
(b) goes into receivership;
(c) contravenes a provision of this Act;
(d) operates in a manner detrimental to the public interest;
(e) fails to provide the Commission with information lawfully required;
(f) fails to comply with a lawful direction of the Commission; or
(g) fails to pay its annual licence fee as prescribed on or before the anniversary of the day of the grant of its licence.
(2) The Commission may revoke a securities exchange licence granted under section 10 if the company—
(a) ceases to operate the securities exchange;
(b) is being wound up, compounds or compromises with its creditors;
(d) is operating in a manner detrimental to the public interest;
(e) fails to continue to comply with the conditions specified in section 10 (2);
(f) fails to pay its annual licence fee as prescribed on or before the anniversary of the day of the grant of its licence; or
(g) requests the Commission to do so.
(3) The Commission shall not revoke or suspend a securities exchange licence without first giving the holder of the licence an opportunity of being heard.