Regulation 20 Conditions of international licences
An international licence shall include conditions requiring the licence holder to satisfy requirements as to the good repute, financial fitness, professional competence and cover for liabilities to third parties of the licence holder, including those requirements specified in Schedule 3, and may include conditions—
requiring the licence holder to submit to a review of its licence at least every five years during the currency of the licence;
concerning the suspension or revocation of the licence.
Without prejudice to the generality of paragraph (1) licence conditions may require the licence holder to make a payment to the International Rail Regulator on the grant of the licence and to make such further payments during the currency of the licence, the amount or amounts to be determined by the International Rail Regulator.
Any sums received by the International Rail Regulator under paragraph (2) shall be paid into the Consolidated Fund.