(1) The holder of a licence subject to conditions imposed under section 3.4.20(3C) may, at least 60 days before the expiry of the time in which to comply with a condition, make written application to the Commission for an extension of time to comply with the condition.
(2) An application under subsection (1) must be accompanied by a submission as to why the time to comply with the condition should be extended.
(3) On receiving an application under subsection (1), the Commission may, as it sees fit, by written notice to the holder of the licence, grant or refuse the application.
(4) A grant or refusal under subsection (3) takes effect when the notice is given or on a later date specified in the notice.