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48. Changes affecting licence

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Amended

Last amended by an amending law of 2022. 2 amendments in all.

(1)

Every licensee shall notify the Authority of —

(a)

any change or proposed change to any particulars furnished by him to the Authority in relation to his application for his licence; and

(b)

any change or proposed change that significantly affects the activities of the licensee that are authorised by his licence.

(2)

A notification under paragraph (1) shall —

(a)

be made in such form and manner as the Authority may require;

(b)

be submitted within such time as the Authority may specify in the conditions of the licence;

(c)

be accompanied by such particulars, information, documents and samples as the Authority may require;

(d)

be accompanied by the relevant notification fee specified in the Fees Regulations, if any; and

(e)

if required by the Authority, be accompanied by a statutory declaration by the licensee verifying any information contained in or relating to the notification.

(3)

A licensee shall not, without the approval of the Authority, make any change that significantly affects the activities of the licensee that are authorised by his licence.

(4)

An application for the Authority’s approval under paragraph (3) shall be made in such form and manner as the Authority may specify on the Authority’s website.

(5)

For the purposes of paragraphs (1) and (3), a change that significantly affects the activities of a licensee that are authorised by his licence includes (but is not limited to) a change of one or more of the following:

(a)

the premises where the licensee operates;

(b)

the facilities and equipment used by the licensee;

(c)

the operations and processes carried out by the licensee;

(d)

the personnel responsible for supervising the operations and processes carried out by the licensee.

(6)

Any licensee who contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 6 months or to both.

(7)

Any licensee who —

(a)

in compliance or purported compliance with paragraph (1), furnishes the Authority with any notification under paragraph (1) which he knows is false or misleading; or

(b)

contravenes paragraph (3),shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 12 months or to both.

Subregulation 1

Every licensee shall notify the Authority of —

(a)

any change or proposed change to any particulars furnished by him to the Authority in relation to his application for his licence; and

(b)

any change or proposed change that significantly affects the activities of the licensee that are authorised by his licence.

Subregulation 2

A notification under paragraph (1) shall —

(a)

be made in such form and manner as the Authority may require;

(b)

be submitted within such time as the Authority may specify in the conditions of the licence;

(c)

be accompanied by such particulars, information, documents and samples as the Authority may require;

(d)

be accompanied by the relevant notification fee specified in the Fees Regulations, if any; and

(e)

if required by the Authority, be accompanied by a statutory declaration by the licensee verifying any information contained in or relating to the notification.

Subregulation 3

A licensee shall not, without the approval of the Authority, make any change that significantly affects the activities of the licensee that are authorised by his licence.

Subregulation 4

An application for the Authority’s approval under paragraph (3) shall be made in such form and manner as the Authority may specify on the Authority’s website.

Subregulation 5

For the purposes of paragraphs (1) and (3), a change that significantly affects the activities of a licensee that are authorised by his licence includes (but is not limited to) a change of one or more of the following:

(a)

the premises where the licensee operates;

(b)

the facilities and equipment used by the licensee;

(c)

the operations and processes carried out by the licensee;

(d)

the personnel responsible for supervising the operations and processes carried out by the licensee.

Subregulation 6

Any licensee who contravenes paragraph (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 6 months or to both.

Subregulation 7

Any licensee who —

(a)

in compliance or purported compliance with paragraph (1), furnishes the Authority with any notification under paragraph (1) which he knows is false or misleading; or

(b)

contravenes paragraph (3),shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $20,000 or to imprisonment for a term not exceeding 12 months or to both.

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