xmlns:atom="http://www.w3.org/2005/Atom"
(1)The economic regulator may grant a licence authorising a person to carry on—
(a)activities falling within section 2(2)(a);
(b)activities falling within section 2(2)(b).
(2)A licence—
(a)must be in writing;
(b)is to continue in force for such period as may be specified in or determined by or under the licence, unless previously revoked in accordance with any term of the licence.