It shall be a condition of every clearing agency licence granted under this Part that—
(a) the licence is personal to the applicant and is not transferable;
(b) the clearing agency shall give written notice to the Commission of—
(i) any proposed alteration to, or
(ii) the occurrence of any event which it knows affects or may affect in a material respect, any matter in respect of which it was required to supply information to the Commission;
(c) the consent of the Commission shall be obtained prior to the making of any change in the constitution or control of the clearing agency; and
(d) the clearing agency shall not carry on, or hold itself out as carrying on, any business other than that of providing clearing and settlement services.