Article (33) Renewal of Class License The provisions provided for in Article (30) of this Law shall apply to the renewal of a Class License. Article (34) Modification and Revocation of Class Licenses a) The Authority may modify the terms and conditions of or revoke the Class License. When it intends to amend or revoke any type of Class License, the Authority shall announce such matter in the Official Gazette at least thirty days before the amendment or revocation. The announcement shall state the following: 1) That the Authority intends to amend or revoke that type of Class License, setting out the effect of such modification or revocation. 2) The reasons that justify the modification or revocation. 3) That the holders of Class Licenses are entitled to respond in writing to the Authority within the notice period specified by the Authority in the announcement. b) After consideration of the responses submitted during such notice period, the Authority shall issue the appropriate decision which shall be announced in the Official Gazette and in such manner as the Authority considers appropriate to bring the matter to the attention of the Licensees of the type of Class License being modified or revoked. Article (35) Ensuring Compliance with Individual and Class Licenses a) If it is apparent to the Authority that a Licensee has been or is in material breach of any provision of this Law or any condition of the License or that there are serious indications or evidence that a Licensee is likely to commit such breach, the Authority shall issue an order in accordance

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