Part 3

Operating licences

Licence conditions

Procedure for attaching or varying financial discretionary licence conditions
23
1
This section applies to a discretionary licence condition relating to—
a
the financial resources threshold requirement, or
b
the advancement of the IFR’s systemic financial resilience objective.
2
Before attaching or varying a discretionary licence condition to which this section applies, the IFR must give a notice about the proposed condition or variation to—
a
the club, and
b
the specified competition organiser which organises a specified competition in relation to which a relevant team is operated by the club.
3
The notice must—
a
give details of the proposed condition or variation,
b
explain why the IFR is proposing to attach the condition or make the variation,
c
invite—
i
the club and the specified competition organiser to make representations about the proposed condition or variation, and
ii
the specified competition organiser to give a commitment to take action in lieu of the proposed condition or variation, and
d
specify the means by which, and the period within which, such representations must be made or such a commitment must be given.
4
The period specified in the notice for making representations or giving a commitment must be a period of not less than 14 days beginning with the day on which the notice is given.
5
The IFR must—
a
have regard to any representations which are duly made, and
b
where the specified competition organiser gives a commitment mentioned in subsection (3)(c)(ii) within the period specified in the notice, consider whether to accept that commitment.
6
This section does not apply where—
a
a club applies for a variation under section 21(7), or
b
the IFR considers that compliance with this section would jeopardise, or risk jeopardising, the IFR’s ability to advance one or more of its objectives.