PART 2PERMITS
Death of a permit holder21.
(1)
This regulation applies if—
(a)
a permit is held by an individual (A); and
(b)
A dies.
(2)
On the death of A, the permit—
(a)
shall be property forming part of A’s personal estate; and
(b)
shall continue to have effect subject to—
(i)
the same conditions that applied at the time of A’s death; and
(ii)
the condition mentioned in paragraph (3).
(3)
The permit shall be read as if it contained the following condition—
“As soon as is practicable after administration of the estate of A, the personal representative shall notify the regulator that the permit has vested in them.”
(4)
The permit shall cease to have effect 6 months after the date on which A dies, unless it is transferred in accordance with regulation 20, by the personal representative, before the end of that period.