SCHEDULES

SCHEDULE 13Ownership of licensed bodies

Part 3Approval of restricted interests after licence is issued

Powers of licensing authority where no change of interests

Variation and cancellation of conditions

I135

1

A person whose holding of a restricted interest in a licensed body is subject to a condition imposed under paragraph 17, 28 or 33 may apply to the relevant licensing authority—

a

for the condition to be varied, or

b

for the condition to be cancelled.

2

The licensing authority may, on its own initiative, cancel a condition imposed under one of those paragraphs.

3

If the licensing authority varies or cancels a condition under this paragraph, it must notify the person and the licensed body as soon as reasonably practicable.