8.—(1) Subject to regulation 36(4) (Refusal of registration) and paragraphs (2), (3) and (4) below a ship shall be entitled to be registered if a majority interest in the ship is owned by one or more persons qualified to be owners of British ships.
(2) Where entitlement to register arises by virtue of the majority interest being made up of a person or persons qualified by reason of regulation 7(1)(a), (b), (e), (f), or (h), the ship shall, subject to paragraphs (3) and (4) below, be registered only if that person or (as the case may be) any of those persons is resident in the United Kingdom.
(3) Where the condition in paragraph (2) is not satisfied the ship shall be registered only if a representative person is appointed in relation to the ship under Part V.
(4) Where entitlement to be registered arises by virtue of the fact that the majority interest is owned by persons one or more of whom are persons who are qualified by reason of:—
(a)regulation 7(1)(c) or (d), the ship shall be registered only if:—
(i)that person, or (as the case may be) any of those persons, is resident in the United Kingdom, or
(ii)where that condition is not satisfied, the Secretary of State furnishes a declaration that he consents to the ship being registered, and, in addition, a representative person is appointed in relation to the ship;
(b)regulation 7(1)(g), the ship shall be registered only if:—
(i)the body corporate has a place of business in the United Kingdom, or
(ii)where that condition is not satisfied, if a representative person is appointed in relation to the ship.
(5) Where entitlement to be registered arises by virtue of the fact that the majority interest is owned by the following persons:—
(a)one or more persons who are qualified by reason of regulation 7(1)(a), (b), (e), (f), or (h), and
(b)one or more persons qualified by reason of regulation 7(1)(c) or (d), or
(c)one or more persons qualified by reason of regulation 7(1)(g),
the ship shall be entitled to be registered—
(i)if any of those persons is resident in the United Kingdom, or
(ii)(where that condition is not satisfied) if a representative person is appointed in relation to the ship.