62Voluntary surrender of licences and permits

62 Voluntary surrender of licences and permits

(1)  The holder of a licence or permit may, by notice in writing to the Secretary, surrender the licence or permit at any time.

(2)  The surrender of a licence or permit under subregulation (1)  –

(a) must be in an approved form; and

(b) does not take effect until the Secretary has given to the holder of the licence or permit a notice under subregulation (3) in respect of the licence or permit.

(3)  After receiving a notice under subregulation (1) in respect of a licence or permit, the Secretary is to, by notice in writing, notify the holder of the licence or permit that –

(a) the Secretary is satisfied that all matters relating to the licence or permit have been dealt with appropriately by the holder of the licence or permit; and

(b) the licence or permit is cancelled.

(4)  A licence or permit surrendered under this regulation has no value.