A licence1 may include conditions which require the holder2 of it to provide such security as may be so determined for his performance of any of the obligations to which he is or may become subject, either in accordance with the licence itself or otherwise by virtue of being the holder of it at any time3. Such security may be required, on or before the coming into force of the authorisation contained in the licence and at such subsequent times as may be determined by or under the conditions4. The
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