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1(1)A licence expires at the end of the period of 3 years beginning with the day on which it is issued.
(2)But if an application to renew a licence is received before the licence expires, the licence continues in effect and—
(a)if the application is withdrawn, the licence expires at the end of the day on which the application is withdrawn;
(b)if the application is refused, the licence expires when no appeal under paragraph 9 is possible in relation to the refusal or any such appeal is finally determined or withdrawn;
(c)if the licence is renewed, it expires at the end of the period of 3 years beginning with the day on which it is renewed or (if renewed more than once) the day on which it is last renewed.
(3)Sub-paragraphs (1) and (2) are subject to section 4 (revocation of licence).
(4)The Secretary of State may by order substitute different periods for the periods specified in sub-paragraphs (1) and (2)(c).
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