s 90 Variation of capital markets services licence
90.—(1) The Authority may, on the application of the holder of a capital markets services licence, vary its licence by adding a regulated activity to those already specified in the licence.[2/2009] (1A) The Authority may require an applicant to supply the Authority with such information or documents as it considers necessary in relation to the application. (2) An application under subsection (1) must be accompanied by a non‑refundable prescribed application fee which must be paid in the manner specified by the Authority.[2/2009] (3) The Authority may —(a) approve the application subject to such conditions or restrictions as the Authority thinks fit; or (b) refuse the application on any of the grounds set out in section 86(4).[2/2009] (4) The Authority must not refuse an application under subsection (1) without giving the applicant an opportunity to be heard.