Prospective

extent U.K. + Investigations and enforcementU.K.

15extent U.K. + Variation or withdrawal of noticesU.K.

section 15 1 + (1)The Security Industry Authority may vary or withdraw a compliance notice or a restriction notice by giving notice of the variation or withdrawal to the person to whom the original notice was given.

section 15 2 + (2)A compliance notice may not be varied so as to make it more onerous.

section 15 3 + (3)A restriction notice may not be varied so as to make it more onerous, except by varying it to extend the period for which it has effect.

section 15 4 + (4)A restriction notice may be varied to extend the period for which it has effect only if—

section 15 4 a + (a)the period for which it would have effect but for the variation has not expired, and

section 15 4 b + (b)the Security Industry Authority has reasonable grounds to believe that its reasons for giving the original notice will continue to apply during the extended period.

section 15 5 + (5)A restriction notice may not be varied to extend the period for which it has effect by more than three months at a time.

section 15 6 + (6)Before varying a restriction notice to extend the period for which it has effect, the Security Industry Authority must give the person to whom the original notice was given an opportunity to make representations about the proposed variation.