Where a service licensee fails to comply with any direction given by the Commission under section 87, the Commission shall advise the Minister who may—
(a) utilize the security or part of the security held by way of guarantee under section 65(e), for the execution of the remedial action or payment of compensation for foreseeable damages caused by the breach; or
(b) suspend or revoke the service licence of the service licensee in accordance with the terms of the service licence.