Clause 89
Period of licence
of Securities and Futures Bill
BillNot in forceProvision 110 of 348
Clause 89
(1)
Subject to subsection (2), a licence shall be in force for a period of 3 years or such other period as the Authority may specify in writing to the applicant, with effect from the date of its issue.
(2)
A licence that has been renewed in accordance with the provisions of this Part shall continue in force for a period of 3 years or such other period as the Authority may specify in writing to the applicant, from the day next succeeding that upon which but for its renewal it would have expired.