By virtue of a written notification to the Clearing Agency, the Authority may cancel a Clearing Agency’s license according to the provisions of the Law, as of the date specified in the Authority’s resolution in the following cases: 1. If the clearing agency is no longer able to meet any of the conditions by which it was qualified to obtain a license. 2. If the Clearing Agency ceases to undertake the duties to which the clearing agency is assigned or licensed. 3. Liquidation of the clearing agency. 4. Failure to fulfil any obligation required under this Law. 5. Failure to provide the information requested by the Authority or providing incorrect or misleading information. 6. If the Clearing Agency makes any amendments to its objectives in its Memorandum or Articles of Association without obtaining prior approval from the Authority. 7. If the Agency requests the cancellation of its license. The Authority shall publish the decision of license cancellation and reasons thereof in the Official Gazette.