This section applies in relation to the designation of a person who is a CFD counterparty—
A designation may be made only with the consent of the person designated.
A designation does not cease to have effect if the person's designation as a CFD counterparty ceases to have effect by virtue of section 7(6)(a) or (b) of the Energy Act 2013.
A designation ceases to have effect if—
The Secretary of State may by order make transitional provision in connection with a designation ceasing to have effect.
An order under subsection (5) may in particular make provision about how obligations, imposed by virtue of a certificate purchase order on a person whose designation ceases to have effect, are to be discharged in any period before or after the time when the designation ceases to have effect.
Subsection (5) is not to be taken as limiting the power to make transitional provision in a certificate purchase order by virtue of section 32Z(1)(b).