16.—(1) A permission granted under these Regulations shall not be transferred either in whole or in part to another person without the prior approval of the regulator and where any transfer is purported to be made without such consent the transfer shall be void.
(2) The regulator may, upon application from the owner or the holder, approve the transfer either unconditionally or subject to such conditions of transfer as the regulator considers appropriate.
(3) Where a permission is transferred, the owner shall—
(a)remain liable for any breach of any condition to which the permission is subject, whenever the breach may arise;
(b)shall continue to have such rights and obligations in relation to the permission as these Regulations provide.
(4) Any holder of a permission shall only be liable for breaches of any conditions, including any conditions of transfer, to which the permission is subject which arise whilst the holder is the holder of the permission.
(5) A holder of a permission shall not be liable for breaches of any conditions imposed to implement regional limits on the tonnages which may be dredged.
(6) Where a permission has been transferred with the regulator’s approval under paragraph (2), the transfer shall cease to have effect at the end of the period of 40 days beginning with the date of the transfer, or such further period as may be agreed by the regulator, unless the transferee notifies the regulator within that period—
(a)that the whole or, as the case may be, part of the permission has been transferred to the transferee;
(b)where the transfer is of part only, of the extent of the part transferred; and
(c)of the date of the transfer.