41 Transfer of electricity licences

41  Transfer of electricity licences

After section 7 of the 1989 Act there is inserted—

“7A Transfer of licences

(1)     A licence—

(a)     is capable of being transferred by the licence holder, with the consent of the Authority, in accordance with this section but subject to any term as to transfer contained in the licence;

(b)     may include conditions which must be complied with before the licence can be transferred.

(2)     A transfer may relate to the whole or any part of the licence.

(3)     The reference in subsection (2) to part of a licence is a reference to a part of the activities authorised by the licence (whether described by reference to activities being carried on by the licence holder or to activities which he is authorised by the licence to carry

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