SCHEDULE 2LICENCES

PART 1Grant of Licence

Duration

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 shall continue 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.