PART IVModification and termination of authorisations
Conditions of transferred authorisations23
1
Where an application under regulation 22 is granted, or deemed to have been granted, the following provisions of this regulation apply.
2
In the case of a transfer of the whole of an authorisation SEPA shall send a copy of the amended authorisation specifying–
a
the date on which the transfer is to have effect; and
b
the responsible person in respect of the authorisation,
to that responsible person.
3
In the case of transfer of part of an authorisation, SEPA shall–
a
issue a new authorisation in respect of the part to be transferred, which specifies–
i
the controlled activities being transferred and any conditions applying to them;
ii
the responsible person for that authorisation; and
iii
the date on which the new authorisation is to have effect,
to the responsible person for that part; and
b
issue an amended authorisation in respect of the part not so transferred which specifies–
i
the controlled activities in relation to that part and any conditions applying to them;
ii
the responsible person for that authorisation; and
iii
the date on which the amended authorisation is to have effect,
to the responsible person for that part.