89ATransfer of certification

89A Transfer of certification (1) The holder of a certification and another person (the transferee) may jointly apply to the regulator for the certification to be transferred from the holder of the certification to the transferee. (2) The application must be in writing and must contain— (a) any information prescribed by regulation; and (b) any information required, in writing, by the regulator. (3) The regulator must not transfer the certification unless satisfied that, if the certification is transferred, any conditions to which the certification is subject will continue to be met. (4) The regulator must give written notice of his or her decision on the application to the holder of the certification and the transferee. (5) If the regulator decides to transfer the certification— (a) the transfer takes effect on the date stated in the notice; and (b) the certification continues in force; and (c) the certification is subject to the same conditions as those in force immediately before the transfer.