s 40 Lapsing of licence
40. A licence lapses on the earliest of the following dates (so far as they are applicable):(a) on the date the Registrar approves the licensee’s application to surrender the licence; (b) on the date the licensee goes into liquidation or is wound up or otherwise dissolved under the Insolvency, Restructuring and Dissolution Act 2018; (c) where the licensee has not commenced the business of pawnbroking for a continuous period of 6 months (or any longer period that the Registrar may allow) after the grant of or renewal of the licence, on the date immediately after the expiry of that period; (d) where the licensee has ceased to carry on its business of pawnbroking for a continuous period of 6 months (or any longer period that the Registrar may allow), on the date immediately after the expiry of that period; (e) on any other date that may be prescribed.[40/2018]