Part 3

Operating licences

Licence conditions

Scope of powers to attach or vary discretionary licence conditions
22
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.