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5. Licence subject to conditions, etc.

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(1)

Where the Authority approves an application for a licence or renewal of a licence, the Authority shall grant the licence to the applicant upon payment by him of the appropriate fee specified in the Schedule.

(2)

A licence granted by the Authority shall be —

(a)

valid for such period as may be specified therein unless it is earlier cancelled or suspended in accordance with these Regulations; and

(b)

subject to such conditions as the Authority may, from time to time, determine.

Subregulation 1

Where the Authority approves an application for a licence or renewal of a licence, the Authority shall grant the licence to the applicant upon payment by him of the appropriate fee specified in the Schedule.

Subregulation 2

A licence granted by the Authority shall be —

(a)

valid for such period as may be specified therein unless it is earlier cancelled or suspended in accordance with these Regulations; and

(b)

subject to such conditions as the Authority may, from time to time, determine.

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