Subject to the following provisions of this section—
may grant to any person a licence authorising the person to be the operator of such railway assets, or of railway assets of such a class or description, as may be specified in the licence.
Any general authority given to the Office of Rail and Road under subsection (1)(b) above
but a failure to comply with such a requirement shall not affect the validity of the licence.
Any application for a licence—
and, on any such application, the Secretary of State or, as the case may be, the Office of Rail and Road may either grant or refuse the licence.
Before granting a licence, the Secretary of State or the Office of Rail and Road shall give notice—
and shall consider any representations or objections which are duly made and not withdrawn.
A notice under subsection (4) above shall be given by publishing the notice in such manner as the Secretary of State or the Office of Rail and Road considers appropriate for bringing it to the attention of persons likely to be affected by the grant of the licence.
A licence shall be in writing and, unless previously revoked or surrendered in accordance with any terms contained in the licence, shall continue in force for such period as may be specified in or determined by or under the licence; and a licence shall not be capable of being surrendered unless the Office of Rail and Road consents to the surrender if it is—
As soon as practicable after the granting of a licence, the grantor shall send a copy—
Any power to make regulations by virtue of subsection (3) above shall only be exercisable by the Secretary of State after consultation with the Office of Rail and Road . . .
Different fees may be prescribed under subsection (3) above in respect of licences authorising a person to be the operator of railway assets of different classes or descriptions.
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Any sums received by the Secretary of State or the Office of Rail and Road under this section shall be paid into the Consolidated Fund.