108.This section gives the Authority the power to revoke or vary the terms of an authorised person's permission on its own initiative (referred to as its “own initiative power”).  The power is exercisable on three grounds.  These are where it appears to the Authority that:
	the person is failing, or likely to fail, to meet the threshold conditions in relation to the existing permission;
	the person has failed to make use of the permission to carry on a particular regulated activity for a year or more;
	it is desirable to do so in order to protect the interests of consumers or potential consumers.
109.As with the previous section, if as a result of the variation the authorised person no longer has permission to carry on any regulated activity, the Authority must consider whether it is necessary for that person to continue to hold a permission and be an authorised person.  If it is not necessary, the Authority should cancel the permission.
Commentary on Sections Part Iv: Permission to Carry on Regulated Activities Section 45: Variation etc on the Authority’s own initiative