Regulation 3 Rights of retention
Subject to the following provisions of these Regulations, a person in whose name a vehicle which is recorded as being a registered vehicle in the G.B.records may be granted by the Secretary of State a right to have the registration mark for the time being assigned to that vehicle assigned to some other vehicle registered—
(a)
in that person’s name; or
(b)
in the name of some other person nominated by him in the application for the grant of the right.