# The Assets of Community Value (England) Regulations 2012, Paragraph 4


(1) Subject to sub-paragraph (2), a disposal—
(a) to a particular person in pursuance of a requirement that it should be made to that person under a planning obligation entered into in accordance with section 106 of the Town and Country Planning Act 1990; or
(b) made in pursuance of the exercise of a legally enforceable—
(i) option to buy,
(ii) nomination right,
(iii) right of pre-emption, or
(iv) right of first refusal.
(2) A disposal is not within sub-paragraph (1)(a) if it is of land that was listed when the obligation was entered into; and a disposal is not within sub-paragraph (1)(b) if it is of land that was listed when the option or right was granted.

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Source: https://www.legislation.gov.uk/ukdsi/2012/9780111526293/schedule/3/paragraph/4 (the official version)
Page: https://openlegislation.uk/draft-assets-of-community-value-england-regulations-2012/schedule-3/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.