[(1) Where an [approval under section 59 has effect] subject to conditions, the authorised person concerned may apply to the appropriate regulator to vary the approval by—
(a) varying a condition,
(b) removing a condition, or
(c) imposing a new condition.
[(1A) Where an approval under section 59 has effect for a limited period, the authorised person concerned may apply to the appropriate regulator to vary the approval by—
(a) varying the period for which the approval is to have effect, or
(b) removing the limit on the period for which the approval is to have effect.]
(2) “The appropriate regulator”—
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