23.—(1) Every licence, unless it has been terminated in accordance with this Act, may, subject to sections 24, 25 and 26, be renewed from time to time by the Authority F16[…].

F17[(2) An application for the renewal of a licence shall be made in accordance with procedures specified by the Authority.]

(3) If the application is not determined by the Authority before the licence expires, the licence shall continue in force until the application has been so determined.

F18[(3A) Where—

(a) subsection (3) applies,

(b) the applicant has complied with the procedures specified pursuant to subsection (2), and

(c) a licence is renewed by the Authority,

the licence so renewed shall expire on the day on which it would have expired if it had been renewed with effect from the day next following the day on which the licence would have expired but for the operation of subsection (3).]

(4) Sections 21 and 22 shall apply, with the necessary modifications, in relation to an application under this section.