(b) The inability of the license holder to comply with controlling license provisions due to events beyond licensee’s control; (c) Changes in the ownership or organizational status of the licensee; (d) Significant non-compliance by the license holder with current license provisions or other Authority rules, decisions or orders. Article 19: license transfer Transfers of licenses, including the direct or indirect sale, assignment, conveyance, lease or other transfer of assets or activities subject to a license to a different individual or institution shall be subject to a prior written approval of the Authority. Such approval shall be granted after consideration of the matter and if the proposed transfer meets all the conditions for granting the relevant license. Failure to comply with such requirements shall amount to license suspension or revocation. Article 20: License Suspension or Revocation Depending on the seriousness of the offense committed by the Licensee, the Authority may suspend or revoke a license before the expiration of the license term due to: (a) Licensee failure to comply with license terms and conditions; (b) Licensee abandonment of license activities; (c) Failure of the licensee to provide the Authority with monitoring and reporting data required by the license or failure to cooperate with the Authority inspection and audits; (d) Licensee submittal of false or deliberately misleading data or information to the Authority in response to the Authority request or in response to the Authority monitoring reporting inspection or audit requirements; (e) Licensee failure to provide timely access to the Authority or inspection or audit of licensee facilities and corporate records; (f) Bankruptcy, financial insolvency or liquidation of licensee; (g) Licensee failure to pay the regulatory fees. A license suspension proceeding shall be conducted in the following manner: (a) The Regulatory Authority shall commence a license suspension by sending written notice to the licensee advising the licensee of the commencement of a suspension proceeding, and requiring licensee to file a response within five (5) working days ; 14 | 2 6