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5.—(1) This Regulation has effect in relation to section 1193 of the 2006 Act.
(2) These Regulations do not apply to the carrying on of a business by a person who—
(a)carried on the business immediately before the date on which these Regulations came into force, and
(b)continues to carry it on under the name that immediately before that date was its lawful business name.
(a)a business is transferred to a person on or after the date on which these Regulations came into force, and
(b)that person carries on the business under the name that was its lawful business name immediately before the transfer,
these Regulations do not apply in relation to the carrying on of the business under that name during the period of twelve months beginning with the date of the transfer.
(4) In this regulation “lawful business name”, in relation to a business, means a name under which the business was carried on without contravening the provisions of Chapter 1 of Part 41 of the 2006 Act.
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