Renewal of licence

(1) A licencee may apply for renewal of a licence in the prescribed form and pay the prescribed fee within three months prior to the expiration of the licence or such longer period as the Office may determine. (2) A licence shall be renewed if the Office is satisfied that– (a) there is the continued compliance by the licencee with this Act and any regulations; (b) there has been no material change in the circumstances which existed at the time the licence was granted; and (c) that the holder has satisfied such other requirements as may be prescribed.