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4(1)The transferor or transferee, if dissatisfied with a determination under paragraph 3 above, may appeal to the Secretary of State.
(2)An appeal under this paragraph shall be made in accordance with regulations.
(3)The Secretary of State shall, before determining an appeal under this paragraph, give the appellant and the respondent such opportunity as may be prescribed by regulations to make written representations.
(4)On an appeal under this paragraph the Secretary of State may—
(a)allow or dismiss the appeal or vary the determination of the Board, and
(b)give a direction accordingly under paragraph 3 above.
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