Paragraph 2 Acquisition of a relevant right
(1)
Subject to the provisions of this Scheme, a person may acquire from the Secretary of State a right to have a particular registration mark to which section 27 of the 1994 Act applies assigned to a vehicle registered—
(a)
in that person’s name; or
(b)
in the name of some other person nominated by him in accordance with paragraph 3,
and such a right is in this Scheme referred to as a “relevant right”.
(2)
No relevant right shall be granted to any person unless and until he has entered into an agreement with the Secretary of State for the acquisition of the relevant right and has paid to the Secretary of State the purchase price and the sum specified in paragraph 6(2).