Malaysia legislation
Section 192
Section 192
(a)
the holder of a registered existing licence; or
(b)
an authorized person under section 191, shall send a notice in writing to the Commission indicating whether he intends to apply for a licence under this Act in substitution of the registered existing licence or authorization.
(2)
There shall be attached to the notice specified in subsection (1)—
(a)
in the case where the person intends to apply for a licence under this Act in substitution of his registered existing licence or authorization, an application for a licence under this Act; or
(b)
in the case where the person intends not to apply for a licence under this Act, an application for a written authorization under this Act.
(3)
Subsection (1) shall not apply to a holder of a registered existing licence whose activities require a class licence or permit under this Act.
(4)
A holder of a registered existing licence whose activities require a class licence or permit under this Act may register for a class licence or apply for a permit under this Act, as the case may be, on or before the expiry of his existing licence or permit or the period specified in subsection (1), whichever is the earlier.
(5)
The Commission may issue a written authorization to an applicant subject to such conditions as the Commission may require and the written authorization granted to an applicant under this subsection shall only be for the initial term of its agreement stipulated in the Schedule or until the earlier termination of the agreement.
(6)
Where an authorized person under section 191 is also a holder of a registered existing licence, the authorized person is not required to indicate his intention as to whether he intends to apply for a licence under this Act in substitution of the registered existing licence. The authorized person’s indication with respect to his authorization granted under section 191 shall be deemed to be the same for his registered existing licence.
(7)
The Commission may revoke a written authorization or modify, vary or revoke the conditions of a written authorization or impose further conditions on a written authorization.
(8)
The procedures set out in—
(a)
section 11; and
(b)
section 13, shall apply mutatis mutandis in respect of any modification, variation or revocation of the conditions of a written authorization, the imposition of further conditions on a written authorization and the revocation of a written authorization.
(9)
The Minister may prescribe the criteria to apply for a licence in substitution of an registered existing licence and authorization and conditions to be fulfilled by—
(a)
the holder of a registered existing licence; or
(b)
an authorized person under section 191.
Status of a registered existing licence and authorization