Regulation 6 Duration of the licenceI1
England, Wales and Scotland
Subject to paragraph (2) below, the F1OGA shall ensure that—
a licence only grants an entity exclusive rights for the period which is necessary for the proper performance of the activities authorised by the licence; and
the duration of the licence does not exceed the period necessary to carry out the activities authorised by the licence.
The OGA may extend the term of a licence if—
the terms and conditions of the licence permit an extension of the term;
the licensee has performed its obligations in accordance with the terms and conditions of the licence; and
the term of the licence has proved, or is likely to prove, insufficient for the licensee to complete the activities authorised by the licence.
Annotations
Textual amendments
- F1
Word in reg. 6 substituted (1.10.2016) by The Energy (Transfer of Functions, Consequential Amendments and Revocation) Regulations 2016 (S.I. 2016/912), regs. 1(1), 5(5)