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<h1>Withdrawal of recognition of SROs: show-cause, hearing and Board directions require cessation of SRO activities.</h1> Withdrawal of recognition is triggered when the Board considers it necessary in the interest of trade or public interest; the Board issues a written show-cause notice in Form C to the SRO's board of directors, affords an opportunity to be heard, and may then withdraw recognition by order, with sub-regulations (3), (4) and (5) of regulation 11 applying as if renewal had been rejected; the order must be promptly communicated and the SRO must cease SRO activities and comply with Board directions under the applicable sub-regulations.