Paragraph 5

Section 7 (licensing: supplemental) shall be amended as follows.

For subsections (1) and (1A) substitute—

“(1)

A licence under section 5 must be in writing.

(1A)

A licence under section 5 must specify a period during which it has effect (unless revoked or suspended)—

(a)

beginning with the date of issue, and

(b)

not exceeding 15 years.”

In subsection (1B) for “section 5 or 6” substitute “ section 5 ”.

In subsection (2)—

After subsection (3) insert—

“(3A)

Conditions under subsection (2), or requirements under subsection (2)(c), may, in particular, require the holder of a licence under section 5—

(a)

to provide information in connection with the licensed activities to—

(i)

the holder of another licence under section 5,

(ii)

a person who is applying, or considering whether to apply, for a licence under section 5, or

(iii)

such other person as the condition or requirement may specify or may enable the Commission to specify;

(b)

to make facilities in connection with the licensed activities available to—

(i)

the holder of another licence under section 5,

(ii)

a person who is applying, or considering whether to apply, for a licence under section 5, or

(iii)

such other person as the condition or requirement may specify or may enable the Commission to specify;

(c)

to co-operate with the holder of another licence under section 5 in a specified matter;

(d)

to participate in or co-operate with arrangements designed for the purposes of—

(i)

holders of section 5 licences generally, or

(ii)

a class of holders of section 5 licences generally;

(e)

not to enter into an arrangement of a specified kind that would or might be harmful to the interests of the holder of another licence under section 5.”

In subsection (4) for “section 5 or 6” substitute “ section 5 ”.

In the heading of the section for “sections 5 and 6” substitute “ section 5 ”.