(1) This section applies if the regulator is satisfied—
(a) the current
infrastructure owner has complied with section 25A(1) and (2) ; and
(b) an
entity of whom a requirement is made under section 25A(3) or (4) has complied
with the requirement; and
(c) for a proposed service provider who is the
incoming related entity of the current or new infrastructure owner—
(i) the
entity has been nominated under section 20(2) and prescribed under section 20(1) (c) (ii) as the prescribed related entity of the current or new
infrastructure owner; and
(ii) the entity can exercise the powers of a
service provider under this Act for supplying the relevant service; and
(iii)
without limiting subparagraph (ii) , the contractual arrangements between the
entity and the current or new infrastructure owner adequately provide for the
entity to operate the infrastructure to supply the relevant service; and
(iv)
if the entity were to stop supplying, or cease to be the service provider for,
the relevant service, the current or new infrastructure owner could within a
reasonable period nominate another entity to operate the infrastructure to
supply the relevant service.
(2) The regulator must—
(a) cancel the service
provider’s registration for the relevant service; and
(b) give notice of
the cancellation to—
(i) the current infrastructure owner; and
(ii) if the
service provider was the outgoing related entity of the current infrastructure
owner—the outgoing related entity; and
(c) register the following (the
"new service provider" ) in the service provider register as the service
provider for the relevant service—
(i) for a transfer of registration under
section 25(1) —the incoming related entity of the current infrastructure
owner;
(ii) for a transfer of registration under section 25(2) (b) (ii) for
which the regulator is satisfied of the matters mentioned in subsection (1)
(c) —the incoming related entity of the new infrastructure owner;
(iii) for
a transfer of registration under section 25(2) to which subparagraph (ii)
does not apply—the new infrastructure owner; and
