271. An application for renewal may be refused by the president and executive director solely on one of the following grounds:(1) failure by the physician or dentist to meet the criteria relating to qualification, scientific competence or conduct, in view of the specific requirements of the institution;
(2) failure to perform in full, properly and without delay the obligations attached to the enjoyment of privileges or any other non-compliance with the terms set out in the deed of appointment; or
(3) the renewal would contravene the conditions for granting a status prescribed by the regulation made under the third paragraph of section 241.