5(1)A scheme may include provision to transfer any licence or permit held by the transferor from the transferor to the transferee.
(2)Such a transfer may relate to the whole or any part of the licence or permit.
(3)Where such a transfer relates to a part of the licence or permit, the provision made under sub-paragraph (1) may include—
(a)provision apportioning responsibility between the transferor and the transferee in relation to—
(i)the making of payments required by conditions included in the licence or (as the case may be) permit,
(ii)ensuring compliance with any other requirements of the conditions included in the licence or (as the case may be) permit, and
(b)provision making incidental modifications to the terms and conditions of the licence or permit.
(4)References in this paragraph to a part of a licence or permit are references to one or both of—
(a)a part of the activities authorised by the licence or (as the case may be) permit;
(b)a part of the area in relation to which the holder of the licence or (as the case may be) permit is authorised to carry on those activities.
Commencement Information
I1Sch. 4 para. 5 in force at 26.12.2023, see s. 334(3)(a)