352Amendment or cancellation of approval on Regulator’s

352 Amendment or cancellation of approval on Regulator’s initiative (1) Each of the following is a ground for amending or cancelling an electronic recording system approval— (a) the approval was granted because of a document or (b) since the approval was granted, there has been a change in the grant the approval and, had the changed circumstances existed when the approval was granted, the Regulator would not have granted the approval, or would have granted the approval subject to conditions or different conditions. (2) If the Regulator considers a ground exists to amend or cancel an electronic recording system approval (the proposed action), the Regulator must give the holder of the approval a notice— (d) if the proposed action is to amend the approval (including a condition of the approval)—stating the proposed amendment; and

(a) if the proposed action was to amend the approval—amend the approval, including, for example, by imposing additional conditions on the approval, in a way that is not substantially (b) if the proposed action was to cancel the approval— (i) amend the approval, including, for example, by imposing additional conditions on the approval; or (ii) cancel the approval.