PART 3 Prohibitions and licences

17 Licences
1 The Treasury may grant a licence to disapply the prohibitions in this Part in relation to acts specified in the licence.
2 A licence may be—
(a) general or granted to a category of persons or to a particular person;
(b) subject to conditions;
(c) of indefinite duration or subject to an expiry date.
3 The Treasury may vary or revoke a licence at any time.
4 The Treasury, where they grant, vary or revoke a licence, must—
(a) in the case of a licence granted to a particular person, give written notice of the licence, variation or revocation to that person, and
(b) in the case of a general licence or a licence granted to a category of persons, take such steps as the Treasury consider appropriate to publicise the licence, variation or revocation.
5 Where the relevant designated person is identified as provided in Article 2(3) of the Council Regulation, the licence also constitutes authorisation under Article 6 of the Council Regulation.
6 A person who, for the purpose of obtaining a licence knowingly or recklessly—
(a) provides information that is false in a material respect; or
(b) provides or produces a document that is not what it purports to be,
is guilty of an offence.
7 Any person who purports to act under the authority of a licence and who fails to comply with any conditions included in the licence is guilty of an offence.