When you have a licence, a material change of circumstances means something has changed that affects how well you can provide market services. This change can be something that stops you from doing your job properly. You can find more information about what is required in section 396(a) to (g) or section 400(1)(a) to (e) or (1A)(a) to (e).

If something changes, you need to check if you still meet the requirements. These requirements are like rules that you must follow to keep your licence. If you do not meet these requirements anymore, it is a material change of circumstances.

You must consider all the changes that could affect your licence, and make sure you still follow the rules. This is important to keep your licence and provide good market services. You can look at the rules in section 396(a) to (g) or section 400(1)(a) to (e) or (1A)(a) to (e) to understand what you need to do.