The following licences—
may be transferred by the holder of the licence to another person ("the transferee") in accordance with the following provisions of this section.
The holder and the proposed transferee shall give notice (a "transfer notice") to the appropriate agency of their agreement that the licence should be transferred.
The transfer notice shall include—
and may specify the date on which the holder and the transferee wish the transfer to take effect.
If the holder is a person in whom the licence has vested under section 59B below, a transfer notice shall be of no effect unless the notice required by section 59B(4) has been given.
Subject to subsection (4) above, if the appropriate agency receives a transfer notice which complies with the requirements of subsections (2) and (3) above, the appropriate agency shall amend the licence by substituting the name of the transferee as holder of the licence.
The transfer shall take effect—
Nothing in this section shall affect the liability of the holder of the licence for any failure by him, before the transfer took effect, to comply with any condition or requirement of that licence.
In this section—