Power to impose conditions

(1) Subject to sub-sections (2) and (3), the Registrar may impose such conditions as it considers appropriate on any licence issued or approval granted. (2) It is a condition of every licence issued or approval granted that the person in respect of whom the licence is issued or approval granted is considered by the Registrar to be a fit and proper person for the function he performs or proposes to perform. 16 (3) It is a condition of every licence issued that the moneylender complies with the moneylender’s AML/CFT (4) If a licence is issued, or an approval granted, subject to one or more conditions other than those referred to in sub- section (2) or (3)– (a) the Registrar shall, together with the licence or approval, issue a written notice specifying the condition or conditions; and (b) if, in respect of any condition, it considers that it is in the public interest to do so, the Registrar may state that condition on the licence or approval and issue a public statement concerning the condition, in such manner as it considers fit. (5) The Registrar may, upon giving reasonable written notice to a moneylender, at any time– (a) vary or revoke a condition imposed under sub- section (1); or (b) impose new conditions on the licence or (6) A moneylender may apply to the Registrar in writing for a condition to be revoked or varied and, if the Registrar is satisfied that the condition is no longer necessary or should be varied, it may revoke or vary the condition. (7) If the Registrar revokes or varies a condition or imposes a new condition, the moneylender shall, if requested to do so by the Registrar, deliver its licence to the Registrar for re-issue.