Extension of authorisation
12.—(1)  An application to extend the term of an authorisation must be made not less than 6 months, or such shorter period as the Authority may allow, before the date the authorisation expires.
(2)  An application under paragraph (1) to extend an authorisation must —
(a)be made in the form and manner required by the Authority; and
(b)be accompanied by any information that the Authority requires to decide on the application.
(3)  After considering the application, the Authority may —
(a)extend the period of the authorisation; or
(b)refuse to extend the period of authorisation without giving reasons.
(4)  Any authorisation that is extended under this rule is subject to the same conditions applicable immediately before the authorisation is extended.