The CEO may cancel a
CEO exemption only if —
(a)
since the exemption was granted —
(i)
a change has happened in relation to something the CEO
considered in deciding to grant the exemption; and
(ii)
the exemption would not have been granted if the change
had happened before the exemption was given;
or
(b) the
application for the exemption was false or misleading in a material respect.