Regulation 25 Transfer of authorisation

A responsible person may jointly with another person apply to transfer an authorisation granted under regulation 8 (in whole or in part) to the other person.

The provisions of regulation 11 and 14(1) to (3) apply to an application under paragraph (1) as if it were an application.

SEPA must not grant an application under paragraph (1) unless it is satisfied that the person to whom the authorisation is to be transferred will secure compliance with the terms, limitations and conditions specified in the authorisation, or relevant part thereof.

SEPA must determine an application under this regulation within 2 months beginning with the date on which it receives the application, or such longer period as may be agreed with the applicant in writing.

SEPA must notify the applicant of its determination and, if it refuses the application, give its reasons for doing so.

If SEPA fails to determine the application within the period specified in paragraph (4), it will be treated as having been granted.