# The Railway (Licensing of Railway Undertakings) Regulations 2005, Regulation 7: Validity of railway undertaking licences

Extent: E+W+S

(1) A railway undertaking licence shall, unless previously revoked or surrendered in accordance with any provision in these Regulations or the licence, continue in force as long as the ORR is satisfied that the railway undertaking concerned continues—
(a) to satisfy the requirements referred to in Schedule 2 as to good repute, financial fitness, professional competence and insurance cover for civil liabilities, and
(b) to submit the licence to the ORR for review or approval when so required under regulation 8.
(2) A railway undertaking licence may incorporate specific provisions governing the suspension or revocation of the licence.

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Source: https://www.legislation.gov.uk/uksi/2005/3050/regulation/7 (the official version)
Page: https://openlegislation.uk/railway-licensing-of-railway-undertakings-regulations-2005/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.