Article 85 of Capital Markets Authority Law

The Authority may revoke the licence of any collective investment scheme in any of the following circumstances: 1 - If it becomes apparent that any of the conditions for granting the licence have not been fulfilled. - If doing so protects the interests of participants in the scheme. - If the manager, investment controller or custodian violates any provision of the Law or the regulations, or provides the Authority with incorrect, inaccurate or misleading information. 4 - If the scheme manager requests revocation of the licence. The Authority may refuse the request if it finds it necessary to investigate a matter relating to the scheme or to the interests of the participants.