C1PART IVGENERAL PROVISIONS RELATING TO LICENCES UNDER PARTS II AND III
33 F1Transfer of licences.
1
Subject to subsection (2), a licence granted under Part II F5... shall not be transferable by the holder of the licence or by operation of law to any other person.
2
The Ministry may by regulations provide for the holding of a licence granted under Part II F6... by a person other than the person to whom the licence was granted where—
a
the person to whom the licence was granted dies or becomes incapacitated, or isF2 adjudged bankrupt or makes a voluntary arrangement proposed for the purposes of, and approved under, Part VIII of the Insolvency (Northern Ireland) Order 1989 F8or becomes subject to a bankruptcy restrictions order F9or has had a debt relief order made in respect of him, or becomes subject to a debt relief restrictions order ;
b
an order has been made by a court, or a resolution has been passed for the winding up of the undertaking of the person to whom the licence was granted, except for the purpose of reconstruction;
c
a receiver or liquidator of the undertaking of the person to whom the licence was granted has been appointedF3 or the undertaking enters administration; or
d
the person to whom the licence was granted is a government department (including a department of the Government of the United Kingdom) or a body established by or under any statutory provision and the functions of that department or body are transferred by or under a statutory provision to any other person; [F4 or
Pt. IV: transfer of functions (8.5.2016) by The Departments (Transfer of Functions) Order (Northern Ireland) 2016 (S.R. 2016/76), art. 1(2), Sch. 5 Pt. 2 (with art. 9(2))