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Amendment of section 26 of Principal Act
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4. Section 26 of the Principal Act is amended by the substitution of the following subsection for subsection (1):
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“(1) Subject to section 27, the Authority may—
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(a) refuse to renew a licence, or
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(b) at any time suspend a licence for a specified period or revoke it,
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if it is satisfied on reasonable grounds—
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(i) if the licensee is an individual, that he or she—
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(I) has supplied information in or in connection with the application for the licence or its renewal that was false or misleading in a material particular,
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(II) has contravened any provision of this Act or regulations thereunder (whether or not the licensee has been convicted of an offence in relation to the contravention),
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(III) is no longer a fit and proper person to provide a security service, or
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(IV) has not paid the prescribed fee,
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(ii) if the licensee is a body corporate—
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(I) that any director, shareholder to whom section 21(3)(ab) refers, manager, secretary or other similar officer of the body corporate or any person purporting to act in that capacity is not a fit and proper person to hold such a position in a body corporate which is providing a security service, or
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(II) that subparagraph (I), (II) or (IV) of paragraph (i) applies in respect of the body corporate,
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or
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(iii) if the licensee is a partnership, that one or more than one of subparagraphs (I) to (IV) of paragraph (i) applies or apply in respect of any of the partners,
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or if the Authority would not have granted the licence or renewed it if information obtained subsequent to the date of its grant or renewal had been available at that date.”.
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