Part 3Operating licences
Licence conditions
22Scope of powers to attach or vary discretionary licence conditions
(1)
A discretionary licence condition relating to the financial resources threshold requirement (see paragraph 2 of Schedule 4) may only—
(a)
relate to debt management,
(b)
relate to liquidity requirements,
(c)
restrict the club’s overall expenditure, or
(d)
restrict the club’s ability to accept or receive funding which the IFR reasonably suspects to be connected to serious criminal conduct.
(2)
A discretionary licence condition relating to the non-financial resources threshold requirement (see paragraph 3 of Schedule 4) may only relate to—
(a)
internal controls,
(b)
risk management, or
(c)
financial reporting.
(3)
A discretionary licence condition relating to the advancement of the IFR’s systemic financial resilience objective may only—
(a)
relate to debt management,
(b)
relate to liquidity requirements, or
(c)
restrict the club’s overall expenditure.
(4)
A discretionary licence condition attached in reliance on subsection (1)(c) or (3)(c) may not impose restrictions on expenditure of a particular kind or a particular transaction.
(5)
The Secretary of State may by regulations amend subsection (1), (2) or (3) to add, vary or remove an item.
(6)
The Secretary of State may make regulations under subsection (5) only if requested in writing to do so by the IFR.
(7)
A request under subsection (6) must explain why the IFR considers that the making of regulations under this section is compatible with the purpose of this Act.
(8)
Before submitting a request under subsection (6), the IFR must consult—
(a)
all regulated clubs,
(b)
each specified competition organiser, and
(c)
such other persons as the IFR considers appropriate.