14. The body designated under section 1 may revoke a validation certificate granted in respect of a qualified investment if the qualified investor or the qualified legal person(1) contravenes the provisions of this Act or the regulations;
(2) has furnished false information or documents;
(3) has filed an application for the revocation of its validation certificate.
The notice of revocation of the validation certificate shall indicate the date of the revocation giving the reasons therefor and shall be sent to the head office of the qualified legal person by registered or certified mail.
1992, c. 46, s. 14; 1998, c. 17, s. 64; 1999, c. 40, s. 34; 2001, c. 69, s. 12; 2010, c. 37, s. 98.