PART 2F1Railway Undertaking LICENCES
Annotations:
Amendments (Textual)
Validity of F2railway undertaking licences7
1
A F3railway undertaking licence shall, unless previously revoked or surrendered in accordance with any provision in these Regulations or the licence, continue in force as long as the ORR is satisfied that the railway undertaking concerned continues—
a
to satisfy the requirements referred to in Schedule 2 as to good repute, financial fitness, professional competence and insurance cover for civil liabilities, and
b
to submit the licence to the ORR for review or approval when so required under regulation 8.
2
A F4railway undertaking licence may incorporate specific provisions governing the suspension or revocation of the licence.
Words in Pt. 2 heading substituted (31.12.2020) by The Railway (Licensing of Railway Undertakings) (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/700), regs. 1(2), 6 (with regs. 32-39); 2020 c. 1, Sch. 5 para. 1(1)