(14)The FMA may suspend or cancel a licence under Sections 408 and 414 of the FMC Act where a licensee has materially contravened a market services licensee obligation, where a material change of circumstances has occurred, including no longer satisfying the eligibility criteria laid down in Part 2 of Schedule 28 of the FMC Regulations, where the information provided by a licensee in their licence application or application for variation of their licence is false or misleading in a material manner, or where the licensee no longer meets the requirements set out in Section 396 of the FMC Act.