52.—(1) Where the Commission forms the opinion that—

(a) a licence holder has failed or is failing to meet the terms and conditions of the recruitment licence concerned granted by them,

(b) since the grant of the recruitment licence, the circumstances relevant to the grant have changed and are such that, if an application for a recruitment licence were made in the changed circumstances, it would be refused,

(c) the licence be revoked following—

(i) an investigation on behalf of the Commission under section 15 in respect of the licence holder concerned, or

(ii) any report by the Commission to the Government under section 16,

or

(d) otherwise than provided for by paragraphs (a) to (c), there are serious and urgent reasons necessitating the revocation of the licence,

then, the Commission may revoke the recruitment licence.

(2) (a) A recruitment licence remains in force—

(i) until the operative date in a request to the Commission from the officer holder concerned for it to revoke the recruitment licence or the date of receipt of such a request, whichever is the later, or

(ii) where the Commission decides to revoke a licence in circumstances to which paragraph (b) relates, until the operative date of the revocation.

(b) For the purposes of paragraph (a), where a recruitment process has been commenced by virtue of a recruitment licence and is being undertaken by the office holder or a listed recruitment agency on behalf of the holder, then the Commission may, in relation to the revocation of a licence, make any transitional arrangements that it considers appropriate in the circumstances, including providing that the licence shall be revoked on different dates in respect of different classes or categories of recruitment.