Answered
Re: What happens when you cancel your 'Creative Cloud subscription'?
If I have shared files and libraries with other adobe licence holders, will they still have access to them if I cancel my account?
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Do you mean cancel your account or cancel your subscription?
If you cancel (remove) your Adobe account, then no – nothing would be retained.
If you cancel your subscription, then your account would revert to the free level of Creative Cloud, which provides 2 GB of free Cloud storage, including usage of shared files and libraries.
If you’re over the 2 GB storage limit when you cancel, then you have 30 days to move files out of cloud storage to get down to that amount.
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