147   Application for registration of transfer

(1)  The transfer of an energy savings certificate does not have effect until the transfer is registered by the Scheme Administrator under this Part.

(2)  An application for registration of a transfer of an energy savings certificate is to be made to the Scheme Administrator by the parties to the transfer.

(3)  The Scheme Administrator must:

(a)  grant the application by registering the transfer of the energy savings certificate in the register of energy savings certificates kept under this Part, or

(b)  refuse the application.

(4)  The Scheme Administrator registers the transfer of an energy savings certificate by altering the entry relating to that certificate in the register of energy savings certificates so as to record the new owner of the certificate.

(5)  The Scheme Administrator may refuse an application for registration of a transfer of an energy savings certificate on such grounds as may be specified in the regulations.

(6)  The regulations may make provision for or with respect to applications for the registration of transfers of energy savings certificates, including by requiring an application fee to be paid to the Scheme Administrator.