The Authority may, on the application of an authorised electronic money institution, vary the person's authorisation by -

(a) imposing a requirement such as may, under regulation 7, be included in an authorisation;

(b) cancelling a requirement included in the authorisation or previously imposed under paragraph (a); or

(c) varying such a requirement,

provided that the Authority is satisfied that the conditions set out in regulation 6(4) to (8), and the requirement in regulation 19(1) to maintain own funds, are being or are likely to be met.