Territorial Extent Schedule 6: Exchange of information: persons and bodies Part 5: Operating Licences Sections 110 & 111: Duration
328.As a general rule, operating licences will be of indefinite duration, subject to rules about lapse, forfeiture and the Commission’s regulatory powers. However, the Commission has power to determine that operating licences, or a particular class of operating licence, should be given a particular duration. Such a determination will be made and promulgated as part of the Commission’s licensing policy statement under Part 2.
329.Where the Commission determines a particular duration under section 111, this will apply to existing and future licences. However, for existing licences the duration will begin from the date of publication of the determination rather than the date the licence was granted.