This section has no associated Explanatory Notes
5(1)Section 7 (licensing: supplemental) shall be amended as follows.U.K.
(2)For subsections (1) and (1A) substitute—
“(1)A licence under section 5 must be in writing.
(1A)A licence under section 5 must specify a period during which it has effect (unless revoked or suspended)—
(a)beginning with the date of issue, and
(b)not exceeding 15 years.”
(3)In subsection (1B) for “section 5 or 6” substitute “ section 5 ”.
(4)In subsection (2)—
(a)for “A licence granted under section 5 or 6” substitute “ A licence under section 5 ”, and
(b)for “by section 5 or 6” substitute “ by section 5 ”.
(5)After subsection (3) insert—
“(3A)Conditions under subsection (2), or requirements under subsection (2)(c), may, in particular, require the holder of a licence under section 5—
(a)to provide information in connection with the licensed activities to—
(i)the holder of another licence under section 5,
(ii)a person who is applying, or considering whether to apply, for a licence under section 5, or
(iii)such other person as the condition or requirement may specify or may enable the Commission to specify;
(b)to make facilities in connection with the licensed activities available to—
(i)the holder of another licence under section 5,
(ii)a person who is applying, or considering whether to apply, for a licence under section 5, or
(iii)such other person as the condition or requirement may specify or may enable the Commission to specify;
(c)to co-operate with the holder of another licence under section 5 in a specified matter;
(d)to participate in or co-operate with arrangements designed for the purposes of—
(i)holders of section 5 licences generally, or
(ii)a class of holders of section 5 licences generally;
(e)not to enter into an arrangement of a specified kind that would or might be harmful to the interests of the holder of another licence under section 5.”
(6)In subsection (4) for “section 5 or 6” substitute “ section 5 ”.
(7)In the heading of the section for “sections 5 and 6” substitute “ section 5 ”.