Regulation 4 Amendment of regulation 14 of the principal Regulations

in paragraph (4) omit “or licence”;

at the end add the following paragraph—

“(6)

No periodic fee shall be payable in respect of the fee period during which a manufacturer’s or wholesale dealer’s licence is first granted except where—

(a)

that licence is granted pursuant to a change of ownership application; and

(b)

no periodic fee has been paid in respect of that fee period in connection with the manufacturer’s or wholesale dealer’s licence which is mentioned in that application in the statement of intention to cease activities.”.