8—Amendment of section 71—Variation of licence
Section 71(2B)—delete subsection (2B) and substitute:
(2B) If an application has been made for variation of a licence, the Regulator must not vary the licence unless the Regulator is satisfied that the risks posed by the dealings proposed to be authorised by the licence as varied are covered by—
(a) the risk assessment and the risk management plan in respect of the original application for the licence; or
(b) the risk assessment and the risk management plan in respect of an application for another licence, but only if that other licence was issued.