Regulation 37 Licences: general provisionsI1I2

This regulation applies in relation to Treasury licences and trade licences.

A licence must specify the acts authorised by it.

A licence may be general or may authorise acts by a particular person or persons of a particular description.

A licence may —

A person who issues a licence may vary, revoke or suspend it at any time.

A person who F1, on the application of a person (“P”), F2issues a licence which authorises acts by a particular person F3, or varies, revokes or suspends that licence, must give written notice to F4P of the issue, variation, revocation or suspension of the licence.

A person who issues, varies, revokes or suspends a general licence or a licence which authorises acts by persons of a particular description must take such steps as that person considers appropriate to publicise the issue, variation, revocation or suspension of the licence.