Regulation 4 Requirement for the grantee of a contractual control right to provide contractual control information to the registrar

(1)

The grantee of a contractual control right must provide contractual control information in respect of that right to the registrar in accordance with regulation 7 within 60 days of an event listed in paragraph (3) that occurs on or after the date on which these Regulations come into force.

(2)

The grantee of a contractual control right granted on or after the date on which these Regulations are made but before the date on which they come into force must provide contractual control information in respect of that right to the registrar in accordance with regulation 7 before 6th October 2027.

(3)

The events referred to in paragraph (1) are—

(a)

the grant of that right where it was a contractual control right at the time it was granted;

(b)

the assignment of that right where it was a contractual control right at the time of the assignment, or is a right in respect of which contractual control information has been previously provided to the registrar in accordance with these Regulations;

(c)

any written variation that alters any contractual control information in respect of that right where—

(i)

the right was a contractual control right at the time of the variation; or

(ii)

contractual control information has previously been provided in respect of the right in accordance with these Regulations.

(4)

Paragraph (1) does not apply in respect of a contractual control right on the occurrence of an event referred to in paragraph (3)(b) or (c) if, within the time period set out in paragraph (1), the grantee has provided details of the complete determination, expiry or exercise of the contractual control right in accordance with regulation 6(2).