(1) An issuing body must immediately suspend an ASIC issued by the body if directed to do so by the Secretary.
(2) As soon as practicable after the issuing body suspends the ASIC, the body must tell the holder of the ASIC, in writing, that the ASIC has been suspended and the reasons for the suspension.
(3) The suspension takes effect when the holder is told about the suspension.
(4) If the ASIC is a red ASIC or a grey ASIC, the holder of the ASIC must return the ASIC to the issuing body for the ASIC not later than 7 days after the holder is told in writing that the ASIC has been suspended.
(5) An offence against subregulation (4) is an offence of strict liability.