Section 43: Renewal of individual licence.

(1) The licensee may apply for the renewal of an individual licence not later than 6 months before its expiry and the renewal fee to be determined by the Commission shall be payable upon approval of the application.
(2) If the Commission has no intention of renewing the individual licence, the Commission shall-
(a) inform the licensee by written notice not later than 3 months from the date of receipt of the renewal application from the licensee, of its refusal to renew the individual licence ; and
(b) notify and publish, at least 30 days before the expiry of the individual licence such intention in at least one national daily newspaper.
(3) The Commission may refuse an application for the renewal of an individual licence if the Commission determines that the licensee has-
(a) failed to comply with the terms and conditions of the individual licence ;
(b) failed to comply with the provisions of this Act or its subsidiary legislation; or
(c) failed to comply with any instrument issued, made or given by the Commission.
(4) The affected licensee shall be given a reasonable opportunity to make written submissions to the Commission within a time period specified in the notice and such time period shall not be less than 14 days from the date of the notice.
(5) The affected licensee may within the time period specified in the notice submit a written submission and the Commission shall consider the submission.