A person may not carry on a third country goods fulfilment business otherwise than in accordance with an approval given by the Commissioners under this section.

The Commissioners may approve a person to carry on a third country goods fulfilment business only if they are satisfied that the person is a fit and proper person to carry on the business.

The Commissioners may approve a person to carry on a third country goods fulfilment business for such periods and subject to such conditions or restrictions as they may think fit or as they may by regulations made by them prescribe.

The Commissioners may at any time for reasonable cause vary the terms of, or revoke, an approval under this section.

In this Part “approved person” means a person approved under this section to carry on a third country goods fulfilment business.