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26.—(1) If an application under regulation 25 is granted, or treated as having been granted, the following provisions of this regulation apply.
(2) In the case of a transfer of the whole of an authorisation SEPA must send a copy of the amended authorisation specifying—
(a)the date on which the transfer is to have effect; and
(b)the responsible person in respect of the authorisation,
to that responsible person.
(3) In the case of transfer of part of an authorisation, SEPA must—
(a)issue a new authorisation in respect of the part to be transferred, which specifies—
(i)the controlled activities being transferred and any conditions applying to them;
(ii)the responsible person for that authorisation; and
(iii)the date on which the new authorisation is to have effect,
to the responsible person for that part; and
(b)issue an amended authorisation in respect of the part not so transferred which specifies—
(i)the controlled activities in relation to that part and any conditions applying to them;
(ii)the responsible person for that authorisation; and
(iii)the date on which the amended authorisation is to have effect,
to the responsible person for that part.
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