1. Slots may be:
(a) transferred by an air carrier from one route or type of service to another route or type of service operated by that same air carrier;
(b) transferred:
between parent and subsidiary companies, and between subsidiaries of the same parent company,
as part of the acquisition of control over the capital of an air carrier,
in the case of a total or partial take-over when the slots are directly related to the air carrier taken over;
(c) exchanged, one for one, between air carriers.
2. The transfers or exchanges referred to in paragraph 1 shall be notified to the coordinator and shall not take effect prior to the express confirmation by the coordinator. The coordinator shall decline to confirm the transfers or exchanges if they are not in conformity with the requirements of this Regulation and if the coordinator is not satisfied that:
(a) airport operations would not be prejudiced, taking into account all technical, operational and environmental constraints;
(b) limitations imposed according to Article 9 are respected;
(c) a transfer of slots does not fall within the scope of paragraph 3.
3. (a) Slots allocated to a new entrant as defined in Article 2(b) may not be transferred as provided for in paragraph 1(b) of this Article for a period of two equivalent scheduling periods, except in the case of a legally authorised takeover of the activities of a bankrupt undertaking.
(b) Slots allocated to a new entrant as defined in Article 2(b)(ii) and (iii) may not be transferred to another route as provided for in paragraph 1(a) of this Article for a period of two equivalent scheduling periods unless the new entrant would have been treated with the same priority on the new route as on the initial route.
(c) Slots allocated to a new entrant as defined in Article 2(b) may not be exchanged as provided for in paragraph 1(c) of this Article for a period of two equivalent scheduling periods, except in order to improve the slot timings for these services in relation to the timings initially requested.]