Regulation 4
Sections 2 and 3 of the Act shall not prohibit a person from carrying on any business under a name which includes any word or expression specified for the purposes of those sections by virtue of the amendment made by regulation 3(a) above to the 1981 Regulations, if—
he carried on that business immediately before 1st January 1996; and
he continues to carry it on under the name which immediately before that day was its lawful business name.
Nor shall sections 2 and 3 of the Act prohibit a person to whom a business has been transferred on or after 1st January 1996 from carrying on that business during the period of twelve months beginning with the date of transfer so long as he continues to carry it on under the name which was its lawful business name immediately before the date of transfer.