At the request of a participant
(1) If:
(a) a person is appointed as a nominee of a participant under section 50 on the initiative of the Secretary; and
(b) the participant requests the Secretary to cancel the appointment;
the Secretary may, by written instrument, cancel the appointment.
(2) A request under paragraph ( 1)(b) need not be made in writing. If the request is not made in writing, the Secretary must make a written record of the request.
(3) If a request is made under paragraph ( 1)(b):
(a) the Secretary must decide whether to cancel the appointment within 14 days after receiving the request; and
(b) if the Secretary decides not to cancel the appointment--the Secretary must give the person and participant written notice of the Secretary ' s decision.
Ability to act as a nominee affected
(4) The Secretary may, by written instrument, suspend or cancel one or more of a nominee ' s appointments if:
(a) the Secretary gives the nominee a notice under section 49 ; and
(b) in response to the notice, the nominee informs the Secretary that an event or change of circumstances has happened or is likely to happen; and
(c) having regard to that response, the Secretary is satisfied that it is appropriate to do so.
Failure to comply with a notice under section 49
(5) The Secretary may, by written instrument, suspend or cancel one or more of a nominee ' s appointments if:
(a) the Secretary gives the nominee a notice under section 49 ; and
(b) the nominee does not comply with a requirement specified in the notice.
Copy of instrument of cancellation or suspension to be given
(6) If the appointment of a person as a nominee of a participant is cancelled or suspended under this section, the Secretary must give the person and participant a copy of the instrument of cancellation or suspension.