Paragraph 2 Licences with expiry dates before the appointed day
This paragraph applies to an existing licence if—
on the date that the licence was due to expire proceedings were pending before the traffic commissioner on an application by the holder of the licence for the grant to him of a new licence in substitution therefor; and
the licence was in force immediately before the appointed day by virtue of that application and section 67(4) of the 1968 Act.
An existing licence to which this paragraph applies shall, unless previously revoked or otherwise terminated under any provision of the 1995 Act or any other statutory provision, terminate upon the requirements of sub-paragraph (3) below being met.
The requirements of this sub-paragraph are that—
the application, and
any appeal under (or having effect as an appeal under) section 37 of the 1995 Act arising out of that application,
are disposed of.
Section 16(2) of the 1995 Act shall have effect subject to this paragraph.