# The Wireless Telegraphy (Spectrum Trading) Regulations 2012, Regulation 4: Transfer of all the rights and obligations arising by virtue of a wireless telegraphy licence


(1) Subject to regulation 8, a transfer by the holder of a wireless telegraphy licence to which this paragraph applies of all of the rights and obligations arising by virtue of that wireless telegraphy licence is authorised if it satisfies one of the two conditions set out in paragraph (2).
(2) Those conditions are—
(a) that the rights and obligations of the person making the transfer become rights and obligations of the transferee to the exclusion of the person making the transfer;
(b) that the transferred rights and obligations become rights and obligations of the transferee while continuing, concurrently, to be rights and obligations of the person making the transfer.
(3) Paragraph (1) shall apply to wireless telegraphy licences within the licence classes specified in Column 1 of each of Parts 3 to 22 of Schedule 2 which apply to a station or apparatus operating within any of the frequency bands specified in Column 2 of the same Part.

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Source: https://www.legislation.gov.uk/uksi/2012/2187/regulation/4 (the official version)
Page: https://openlegislation.uk/wireless-telegraphy-spectrum-trading-regulations-2012/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.