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17.—(1) A licence may be transferred in writing by the licensing authority which issued the licence to any other person who wishes to manufacture or store explosives in place of the licensee and who applies to the licensing authority for the transfer.
(2) A licensing authority must grant an application for a transfer of a licence unless it is of the opinion that the applicant is not a fit person—
(a)to store explosives, in the case of an application to transfer a licence to store explosives; or
(b)to manufacture explosives, in the case of an application to transfer a licence to manufacture explosives.
(3) Where a licensing authority is of an opinion referred to in sub-paragraph (a) or (b) of paragraph (2), it must, subject to regulation 20, refuse the application to transfer the licence.
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