(1) Subject to subsections (2) to (4), the Secretary of State may—
(a) release on licence under this section a fixed-term prisoner. . . at any time during the period of 135 days ending with the day on which the prisoner will have served the requisite custodial period, . . .
(b) . . ..
(2) Subsection (1)(a) does not apply in relation to a prisoner unless—
(a) the length of the requisite custodial period is at least 6 weeks, [and
(b) he has served—
(i) at least 4 weeks of that period, and
(ii) at least one-half of that period].
(3) . . .
(4) Subsection (1) does not apply where—
(a) the sentence is imposed under section [226A,] 227[, 228 or 236A] [or under section 265, 266, 278 or 279 of the Sentencing Code],
[(aa) the sentence is for a term of 4 years or more,]
[(ab) the prisoner is one to whom section 247A applies,]
(b) the sentence is for an offence under section 1 of the Prisoners (Return to Custody) Act 1995 (c 1
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