Transfer of all of the rights and obligations arising by virtue of a grant of RSA or a licence3.
(1)
Subject to regulation 5, a transfer by the holder of a grant of RSA or a licence to which this paragraph applies of all of the rights and obligations arising by virtue of that grant of RSA or that licence is authorised if it satisfies one of the two conditions set out in paragraph (2).
(2)
Those conditions are—
(a)
that the rights and obligations of the person making the transfer become rights and obligations of the transferee to the exclusion of the person making the transfer;
(b)
that the transferred rights and obligations become rights and obligations of the transferee while continuing, concurrently, to be rights and obligations of the person making the transfer.
(3)
Paragraph (1) shall apply to grants of RSA and licences of a class specified in Column 1 of each of Parts 1 and 2 of the Schedule which apply to stations or apparatus operating within any of the frequency bands specified in Column 2 of the same Part.