42EConditions of close associate approvals

#### 42E Conditions of close associate approvals 42E Conditions of close associate approvals > > (1) A close associate approval is subject to any conditions imposed by the NICC— > > > > > (a) at the time the close associate approval is issued, or > > > > > (b) at a later time and notified by the NICC to the close associate who holds the approval by written notice. > > > (2) The NICC may, by written notice given to a close associate who holds a close associate approval, vary, substitute or revoke a condition of the approval— > > > > > (a) on the NICC’s own initiative, or > > > > > (b) on application by the close associate. > > **s 42E:** Ins 2022 No 36, Sch 1\[42\].