DurationE+W
5.—(1) Subject to sub-paragraph (2), a licence continues in effect unless cancelled or suspended in accordance with the provisions of Part 5 or surrendered by the licensee to the Agency.
(2) A licence under paragraph 3 continues in effect until—
(a)the expiration of the period for which it was granted; or
(b)the refusal by the Agency of a licence on its final determination of the application,
unless cancelled or suspended in accordance with the provisions of Part 5 or surrendered by the licensee to the Agency.