59Regulatory Authority to be notified of transfer

59 Regulatory Authority to be notified of transfer

59 Regulatory Authority to be notified of transfer

(1) The transferring approved provider and the receiving approved provider must jointly notify the Regulatory Authority of the transfer—

(a) at least 60 days before the transfer is intended to take effect; or

(b) if the Regulatory Authority considers that the circumstances are exceptional, a lesser period agreed to by the Regulatory Authority.

(2) The notice must—

(a) be in writing; and

(ab) specify the date on which the transfer is intended to take effect; and

(b) include the prescribed information; and

(c) include payment of the prescribed fee.