(1) The Authority may
renew an approval to act as a stock agent.
(2) An approval
renewed under subregulation (1) has effect until the close of
30 June in the following year, unless sooner renewed or withdrawn.
(3) An application for
the renewal of an approval must be made in writing to the Authority before the
approval ceases to have effect, and be accompanied by the fee payable under
regulation 34A(1)(b).
(4) If an application
for the renewal of an approval is made within 28 days after the day on
which the approval ceased to have effect, and the fee payable under
regulation 34A(1)(b) and the late application fee payable under
regulation 34A(1)(c) are paid, the Authority may renew that approval, and
in that event —
(a) the
renewal of the approval is to be taken for all purposes to have taken effect
on the day immediately following the day on which the approval ceased to have
effect; and
(b) the
approval has effect as if it had been renewed under subregulation (1).
[Regulation 29 inserted: Gazette
6 Dec 2011 p. 5160‑1.]
[Heading inserted: Gazette 6 Dec 2011
p. 5161.]