A Licensed Person may apply for a termination of its license, whether for all or some of the licensed Securities Activities, as follow: 1. A Licensed Person shall use the license termination application in accordance with the form set out in Appendix 7 of this Module. The application shall have appended to it all required documents and information by the Authority. It shall also include evidence of the notification sent to the Central Bank with regard to units subject to its supervision, and pay the fees specified by the Authority. 2. Following receipt of a license termination application, the Authority may require the applicant to provide it with such further information or documents as it considers necessary to enable it to determine the application. If the applicant fails to submit the required documents and information within the period of time set by the Authority without an approved excuse by the Authority, the application shall be deemed to have been withdrawn. 3. The Authority shall determine a license renewal within two months from the date of receipt of an application completed with all required information and documents, subject to amending the Company Contract by deleting reference to any Licensed Activity related to the termination request from the list of objectives set out in the Company Contract. 4. The Authority may impose any requirement on the Licensed Person that are required to ensure that the license termination does not adversely affect the interests of the Licensed Person’s Clients or the integrity of the financial system. The Authority shall inform the applicant of its determination of the license termination application. In the event of rejection, the determination shall be justified.