Regulation 3 Amendment of Regulations

at the end of the definition of “grantee” there shall be added “or any person in whom such right vests by operation of law”;

after the definition of “nominated person” there shall be inserted—

• ““relevant motor dealer” means a motor dealer selling or supplying vehicles to which Part 1A or Part 2 of Schedule 1 to the 1994 Act applies and to whom registration marks are allocated for assignment to such vehicles;

• “relevant period” means the period during which a right of retention is exercisable;”;

after the definition of “retention document” there shall be inserted—

• ““retention period” means a period of 12 months, 24 months or 36 months; and

• “vehicle licence” includes a nil licence.”^f1; and

the definition of “right of retention” shall be omitted.