Securities Markets Order, 2013 · s 163

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163. (1)
The Authority may, on the application of-
1357
(a)
a holder of a capital markets services licence, vary his licence by adding or removing a regulated activity to or from those already specified in the licence; or
(b)
a holder of a representative's licence, vary the name of his principal, on whose behalf he may act and the regulated activity to which the licence relates.
(2)
The Authority may require an applicant to supply the Authority with such information or documents as it thinks necessary in relation to the application.
(3)
An application under subsection ( 1) shall be accompanied by a prescribed application fee which shall be paid in such manner as may be specified by the Authority.
(4)
The Authority may -
(a)
approve the application subject to such conditions or restrictions as it thinks fit; or
(b)
refuse the application on any of the grounds set out in section 165(2).
(5)
The Authority shall not refuse an application under subsection (1)
without giving the applicant an opportunity to be heard and such hearing shall be heard by the Panel.

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s 163

(1)

The Authority may, on the application of-

1357

(a)

a holder of a capital markets services licence, vary his licence by adding or removing a regulated activity to or from those already specified in the licence; or

(b)

a holder of a representative's licence, vary the name of his principal, on whose behalf he may act and the regulated activity to which the licence relates.

(2)

The Authority may require an applicant to supply the Authority with such information or documents as it thinks necessary in relation to the application.

(3)

An application under subsection ( 1) shall be accompanied by a prescribed application fee which shall be paid in such manner as may be specified by the Authority.

(4)

The Authority may -

(a)

approve the application subject to such conditions or restrictions as it thinks fit; or

(b)

refuse the application on any of the grounds set out in section 165(2).

(5)

The Authority shall not refuse an application under subsection (1)

without giving the applicant an opportunity to be heard and such hearing shall be heard by the Panel.