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56 :(b) shall have effect for such period as the Authority considers appropriate; and
 * (c) shall be in writing and sent by the Authority to the person to whom the exemption is granted.

(3) The Authority shall notify any applicant in writing of its decision under subsection (1) not to grant an exemption.

(4) An exemption under this section shall, unless previously revoked in accordance with the terms of such exemption, continue in force for such period as is specified in such exemption.

(5) The Authority may, with the approval of the Minister, on the application of any person or on its own initiative—
 * (a) extend the period for which an exemption granted under subsection (1) has effect;
 * (b) vary or remove any condition or obligation specified in an exemption; or
 * (c) impose additional conditions or obligations in an exemption.

Request for Authority to examine agreement or to consider conduct, etc.

53. The Authority may, with the approval of the Minister, make regulations—
 * (a) to provide for persons who are parties to any agreement or conduct to apply to the Authority for guidance as to whether or not the agreement or conduct is likely to infringe section 50 (1) or 51 (1);
 * (b) to provide for the procedure for an application under paragraph (a);
 * (c) to prescribe any decision which the Authority may make and the effect of the decision; and
 * (d) generally for giving full effect to the objective of this Part.

Power to investigate

54. The Authority may conduct an investigation if there are reasonable grounds for suspecting that section 50 (1) or 51 (1) has been infringed.