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Withdrawal of approval of securities.
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10.—(1) The Minister may, whenever he thinks fit, either on his own motion or in consequence of advice given to him under this section by the Committee withdraw an approval previously given by him under this Act in respect of any security.
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(2) Whenever the Minister proposes on his own motion to withdraw under this section an approval of a security, he may request the Committee to advise him as to such withdrawal and thereupon the Committee shall with all convenient speed prepare and submit to the Minister their advice in regard to such withdrawal.
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(3) The Committee may at any time on their own motion consider whether an approval previously given by the Minister under this Act in respect of any security should be withdrawn and may, if on such consideration they so think proper, advise the Minister to withdraw under this section the said approval.
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(4) When an approval of a security is withdrawn under this section, such security shall forthwith cease to be an investment suitable for the investment of government funds or government moneys and all holdings of such security representing any government fund or government money shall, unless the Minister otherwise directs, be sold forthwith.
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