(1) The Exchange may revoke the authorisation of a sponsor if:
(a) the sponsor requests;
(b) the sponsor is unable to, evinces an intention or has failed to comply with the Rules; or
(c) in the Exchange's opinion, it is in the interests of the Exchange or markets established or operated by the Exchange.
(2) The Exchange may decide not to act under Rule 210(1) if it has charged, or intends to charge, a sponsor before the Disciplinary Committee.
(3) If the Exchange acts under Rule 210(1), it may disallow the entity from re-applying as a sponsor for a specified period or indefinitely.