116Transfer of accreditation

116 Transfer of accreditation

116 Transfer of accreditation

(1) Accreditation as a certificate provider is not transferable, except as otherwise provided by this clause.

(2) A person who is accredited as a certificate provider may, with the approval of the Scheme Administrator, transfer the accreditation to a related body corporate of the person.

(3) The Scheme Administrator may approve the transfer of accreditation only if satisfied that the person to whom the accreditation is proposed to be transferred—

(a) is or will be eligible for accreditation, and

(b) will fulfil the obligations that the accredited certificate provider is required to fulfil in relation to the activity.

(4) Regulations may be made in relation to the transfer of accreditation, including to require a fee to be paid to the Scheme Administrator for an application for approval of a transfer of accreditation.