Regulation 11 Amendment of Regulations

In regulation 10 (exercise of a right of retention)—

(a)

in paragraph (2) after “provisions of” there shall be inserted “paragraph (2A) and”;

(b)

after paragraph (2) there shall be inserted—

“(2A)
Where—

(a)
a right of retention in respect of a registration mark has been granted to a grantee, or has vested in the grantee by operation of law; and

(b)
a relevant motor dealer is to assign that mark to a new vehicle,

the right shall be exercisable by the grantee surrendering the retention document to the dealer.”; and

(c)

for paragraph (3) there shall be substituted—

“(3)
In this regulation—

(a)
“new” in relation to a vehicle, means not registered in the United Kingdom or in any other country; and

(b)
“the vehicle” means the vehicle to which the grantee proposes that the registration mark should be assigned.”.