Regulation 8—Suspension and cancellation of licence (1) The Minister may suspend or cancel a licence issued to an exporter of rough diamonds if the holder (a) fails to submit a report required under regulation 4 or 5 of these Regulations; (b) is in breach of any provision of these Regulations or any other enactment relating to the export and import of rough diamonds; (c) makes any statements to the Minister in connection with a Kimberley Certificate which the exporter knows or ought to have known to be false; or (d) for any reason becomes ineligible to apply for a Kimberley Certificate under these Regulations. (2) The Minister shall before suspending or cancelling a licence, give notice to the holder in such manner as the Minister may determine and shall in the notice require the holder to remedy the breach and where the breach cannot be remedied, show cause to the satisfaction of the Minister why the licence should not be suspended or cancelled. (3) On cancellation of a licence, the rights of the holder shall cease but without prejudice to any liabilities or obligations incurred by any person prior to the date of the cancellation.