CHAPTER III

LICENSING OF RAILWAY UNDERTAKINGS
SECTION 3

Validity of the licence

Spatial and temporal validity
Article 23
1
A licence shall be valid throughout the territory of the Union.
2
A licence shall be valid as long as the railway undertaking fulfils the obligations laid down in this Chapter. A licensing authority may, however, make provision for a regular review. If so, the review shall be carried out at least every five years.
3
Specific provisions governing the suspension or revocation of a licence may be incorporated in the licence itself.