(1) On receipt of the written notice under regulation 6, the Central Bank may require the applicant to take measures that may be necessary as a result of the proposed alteration or occurrence.
(2) On receipt of the written notice under regulation 7(c), the Central Bank shall review the licence and may —
(a) require the licensee to take measures that may be necessary as a result of the proposed alteration or occurrence; and
(b) if necessary, grant a new licence to the licensee to reflect change in the licence.