| (1) | A holder of DTO certificate who wishes to voluntarily close by ceasing operations shall notify the Director in writing of a planned date of closure. |
| (2) | An accountable executive of a DTO shall— |
| (a) | surrender a DTO certificate and operations specifications within 30 business days of the closure date; |
| (b) | reimburse all student funding in credit to its students; |
| (c) | make a copy of a student training file and inform as to where a record of such training is going to be held for the following 5 years; |
| (d) | hand-over the original training file of a student to a student; |
| (e) | provide contact details as to where an accountable executive may be reached in the following 5 years; and |
| (f) | pay any outstanding fees due to the Authority at the time of closure. |
[Regulation 141.08.18 inserted by regulation 40 of Notice No. R.1503, GG45491, dated 15 November 2021 (Twenty-First Amendment of the Civil Aviation Regulations, 2021)]
