17(1)The following provisions apply where a direction contains requirements of a kind mentioned in paragraph 13 (limiting or ceasing business).U.K.
(2)The Treasury may grant a licence to exempt acts specified in the licence from those requirements.
(3)A licence may be—
(a)general or granted to a description of persons or to a particular person;
(b)subject to conditions;
(c)of indefinite duration or subject to an expiry date.
(4)The Treasury may vary or revoke a licence at any time.
(5)On the grant, variation or revocation of a licence, the Treasury must—
(a)in the case of a licence granted to a particular person, give notice of the grant, variation or revocation to that person;
(b)in the case of a general licence or a licence granted to a description of persons, take such steps as the Treasury consider appropriate to publicise the grant, variation or revocation of the licence.