Article 44 › 5
The competent authority may withdraw the authorisation issued to a regulated market, where it: (a) does not make use of the authorisation within 12 months, expressly renounces the authorisation or has not operated for the preceding six months, unless the Member State concerned has provided for authorisation to lapse in such cases; (b) has obtained the authorisation by making false statements or by any other irregular means; (c) no longer meets the conditions under which authorisation was granted; (d) has seriously and systematically infringed the provisions adopted pursuant to this Directive or Regulation (EU) No 600/2014; (e) falls within any of the cases where national law provides for withdrawal.
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Source: EUR-Lex CELLAR · retrieved 2026-09-04