What would result in the invalidation of a firm's certificate?

The total change of a firm's ownership results in the invalidation of a firm's certificate because the certification process is closely tied to the entity that holds it. Certifications are granted based on various criteria, including ownership, management practices, and specific qualifications of the people in charge. When a complete ownership change occurs, the new owners may not meet the qualifications or standards that were originally used to issue the certificate. As a result, it is necessary for the new ownership to reapply for certification, essentially starting the process over to ensure that they adhere to all regulatory requirements.

In contrast, minor changes in business operations, relocation of business premises, or the addition of new services typically do not affect a firm's ability to maintain its certification. These aspects can often be managed within the existing framework of the certificate and may simply require notification to the issuing authority rather than a complete reassessment of qualifications.