31Variation of terms and conditions of licences

31 Variation of terms and conditions of licences

(1)  A licensee may apply to the Regulator to vary a condition of the licence or to vary or revoke a term of the licence.

(2)  The Regulator may, for the purposes of section 35(5) or section 38(8) , by written notice to the licensee, revoke a condition of a licence.

(3)  The Regulator may, by written notice to the licensee, add a condition to the conditions of the licence or vary a condition of the licence –

(a) if the Regulator has given the licensee reasonable notice of the proposed addition or variation and allowed the licensee a reasonable opportunity to make representations in relation to the proposed addition or variation; or

(b) on the agreement under section 34 of the Regulator to a transfer of the licence; or

(c) for the purposes of section 35(5) or section 38(8) ; or

(d) on application by the licensee under subsection (1) ; or

(e) with the agreement of the licensee.

(4)  The Regulator may, by written notice to the licensee, revoke a condition of the licence.

(5)  The Regulator may, by written notice to the licensee, vary or revoke a term of the licence –

(a) if the Regulator has given the licensee reasonable notice of the proposed variation or revocation and allowed the licensee a reasonable opportunity to make representations in relation to the proposed variation or revocation; or

(b) on the agreement under section 34 of the Regulator to a transfer of the licence; or

(c) for the purposes of section 35(5) or section 38(8) ; or

(d) on application by the licensee under subsection (1) ; or

(e) with the agreement of the licensee.