(1) The Regulator may, by written notice given to the applicant, revoke a declaration under section 185 if the Regulator is satisfied:
(a) that the information concerned no longer satisfies paragraph 185(1)(a), (b) or (c); or
(b) that the public interest in disclosure of the information outweighs the prejudice that disclosure would cause to any person.
(2) A revocation by the Regulator under subsection (1) does not take effect until any review rights under section 181 or 183 in relation to the revocation are exhausted.