(1) Subject to subsection (2) and section 5C (inserted by section 11 of the Betting (Amendment) Act 2015), a certificate of personal fitness shall remain in force -

(a) until the expiration of 21 days after the date on which the certificate was issued, or

(b) upon the expiration of any licence issued under section 7, 7B or 7C where, in the determination of the application for that licence, the Revenue Commissioners were satisfied that, the applicant was a qualified person within the meaning of that section by reason, in whole or in part, of the issue of that certificate.

(2) If, before the expiration of a certificate of personal fitness issued under section 4, 5 or 5A, the individual to whom it was issued makes an application under that section for a new certificate of personal fitness, the first-mentioned certificate of personal fitness shall remain in force -

(a) until the issue (other than in accordance with a direction under paragraph (b) of subsection (5) of section 13) of the new certificate of personal fitness,