1. The Authority shall continue to exercise its powers with respect to the Persons set out below for a period of three (3) years from the date of cancellation of license, approval, registration, or accreditation, or the termination of membership, or cessation of business, upon becoming aware, during such period, of any act or omission constituting a breach of the provisions of this Decree by Law or any Relevant Legislation resulting from the exercise of their activities, business, or functions: a. Licensed Persons, and the members of its Board of Directors, its Executive Management, and its employees. b. Issuer, and the members of its Board of Directors, its Executive Management, and its employees. c. Approved Persons. 2. Where the Authority undertake any action pursuant to clause (1) of this Article within the three (3) year period, its powers shall continue until the completion of such action, without being bound by the specified period. 3. Authority’s action shall commence upon notifying the Person or upon its undertaking any legal measures against such Person.
Interpretation and application must be checked against the official text and current version.