s 12 Variation of financial adviser’s licence
12.—(1) A licensed financial adviser may apply to the Authority, in such form and manner as may be prescribed, to vary its licence —(a) by adding one or more types of financial advisory service authorised to be provided by its licence; or (b) by adding one or more types of investment product in respect of which it may provide any financial advisory service.[1/2009] (2) The Authority may require an applicant to provide it with such information or documents as it considers necessary in relation to the application. (3) An application under subsection (1) must be accompanied by a non‑refundable application fee of such amount as may be prescribed, which must be paid in the manner specified by the Authority.[1/2009] (4) The Authority may approve an application under subsection (1) subject to such conditions or restrictions as the Authority thinks fit, or may refuse the application on any of the grounds set out in section 8(1).[1/2009] (5) The Authority must not refuse an application under subsection (1) without giving the applicant an opportunity to be heard.[16