Paragraph 2 Acquisition of a relevant right
Subject to the following provisions of this scheme, a person may acquire a right from the Secretary of State to have a particular registration mark to which section 12 of the Finance Act 1989 applies assigned to a vehicle registered –
(a)
in his name; or
(b)
in the name of some other person nominated by him in accordance with paragraph 3;
on payment of such sum as is payable under an agreement made in accordance with this scheme.