When the Registrar is satisfied as to the eligibility of a book for registration and as to the persons entitled to Public Lending Right in respect of that book and, if more than one, of their respective shares therein, the registration shall be completed and, as regards a first registration of the Right, each registration shall be effective as from the day the application was recorded by the Registrar as having been received by him.

On completion of a registration the Registrar shall issue to any person so entered in the Register as having an interest in the Public Lending Right in respect of the book to which the entry relates, an acknowledgment of registration in the form of a copy of the relevant entry, indicating therein the date from which the entry takes effect.