Regulation 3 Amendment of Regulations

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

after the definition of “purchaser” there shall be inserted—

• ““purchase period” means, in relation to the acquisition of a relevant right, the period of 12 months, 24 months or 36 months”;

after the definition of “the Registration and Licensing Regulations” “and” shall be omitted and 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 relevant right is exercisable;”; and

after the definition of “relevant right” there shall be inserted—

• “; and

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