Moved by
Baroness Sugg
10: Clause 14, page 10, line 16, at end insert—
“( ) The regulator may consent to a licence being transferred to a person (“the transferee”) only if satisfied that—
(a) consenting to the transfer—
(i) will not impair the national security of the United Kingdom;
(ii) is consistent with the international obligations of the United Kingdom;
(iii) is not contrary to the national interest;
(b) the transferee has the financial and technical resources to do the things authorised by the licence, and is otherwise a fit and proper person to do them;
(c) the persons who are expected to do, on the transferee’s behalf, any of the things authorised by the licence are fit and proper persons to do them.”