35(1)A person whose holding of a restricted interest in a licensed body is subject to a condition imposed under paragraph 17, 28 or 33 may apply to the relevant licensing authority—
(a)for the condition to be varied, or
(b)for the condition to be cancelled.
(2)The licensing authority may, on its own initiative, cancel a condition imposed under one of those paragraphs.
(3)If the licensing authority varies or cancels a condition under this paragraph, it must notify the person and the licensed body as soon as reasonably practicable.