s 56 Other provisions concerning control
56.—(1) The Authority must cease to be in control of a licensed credit bureau’s relevant business when the Authority is satisfied that the reasons for its assumption of control of the relevant business have ceased to exist. (2) A statutory manager is treated to have assumed control of a licensed credit bureau’s relevant business on the date of the statutory manager’s appointment as a statutory manager. (3) Without limiting section 54(4)(a), the Authority may at any time revoke the appointment of a statutory manager in relation to a licensed credit bureau’s relevant business —(a) if the Authority is satisfied that the reasons for the appointment have ceased to exist; (b) if the confidentiality, security or integrity of any data held by the licensed credit bureau is compromised; or (c) on any other ground. (4) The statutory manager must cease to be in control of the relevant business upon revocation of its appointment under subsection (3) or section 54(4)(a). (5) The Authority must publish in the Gazette the date, and any other particulars that it thinks fit, of —(a) its assuming control of a licensed credit bureau’s relevant business; (b) the cessation of its control of a licensed credit bureau’s relevant business; (c) the appointment of a statutory manager in relation to a licensed credit bureau’s relevant business; and (d) the revocation of a statutory manager’s appointment in relation to a licensed credit bureau’s relevant business.