3.—(1) Subject to sub-paragraphs (2) to (4), an award shall terminate on the expiry of the period ordinarily required to complete the course in respect of which it is made or to which it is transferred in pursuance of paragraph 1(1) or 1(2).
(2) If the academic authority refuses to allow the student to complete his course, the board shall terminate the award forthwith.
(3) If the student does not complete his course within the period ordinarily, required, the board—
(a)may extend the award until he has completed the course; and
(b)shall extend the award for a period equivalent to any period in respect of which it has made any payment under regulation 18(1).
(4) The board may extend an award to enable a student to follow an associated course of study during or at the end of the course in respect of which he holds an award.
(5) The board may, after consultation with the academic authority, terminate an award if it is satisfied that the student has either—
(a)abandoned the course in respect of which he holds the award and the award does not fall to be transferred in pursuance of paragraph 1(1) or 1(2); or
(b)shown himself by his conduct to be unfitted to hold an award.