Section 120 - Electricity Supply Act 1995 - Transfer of certificates

120Transfer of certificates

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120 Transfer of certificates

(1) A certificate is transferable in accordance with this Division.

(2) A certificate is transferable only if—

(a) the certificate is registered as active in the register of certificates, or

(b) the date on which the certificate will be taken to be active is specified in the register of certificates.

(3) The transfer of a certificate does not have effect until the transfer is registered by the Scheme Administrator.

(4) An application for registration of a transfer of a certificate must be made to the Scheme Administrator by the parties to the transfer.

(5) The Scheme Administrator must—

(a) grant the application by registering the transfer of the certificate in the register of certificates, or

(b) refuse the application.

(6) The Scheme Administrator registers the transfer of a certificate by altering the entry relating to that certificate in the register of certificates to record the new owner of the certificate.

(7) The Scheme Administrator may refuse an application for registration of a transfer of a certificate on any grounds specified in the regulations.

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