124Variation and cancellation of registration

124 Variation and cancellation of registration

(1)  The Commission is to vary the particulars set out in the Register of Associated Entities in relation to a registered associated entity in accordance with a notification provided by, or in accordance with the written request of, the official agent in relation to the associated entity, unless the Commission believes on reasonable grounds that the varied particulars are not correct.

(2)  The Commission may cancel the registration of an associated entity at the written request of the official agent in relation to the associated entity.

(3)  The Commission may, of its own accord or on request, omit any particulars from the Register of Associated Entities if the Commission is satisfied that the particulars are not correct.

(4)  The Commission may, of its own accord or on request, include any particulars in the Register of Associated Entities if it is satisfied that the particulars are correct.

(5)  The Commission is to notify the relevant official agent of any variations made to the Register of Associated Entities under this section.