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As enacted
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Contents

Part VII · Licensing

22. Assignment of licences

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Subject to the provisions of subsection (2), a licence shall be capable of being assigned either with or without any condition authorizing such assignment.

(2)

A licence shall not be capable of being assigned except with the prior consent of the Regulator.

(3)

In deciding whether to approve the application made under subsection (1) of section 21, the Regulator shall apply the same criteria as it would apply if it were deciding whether to grant a corresponding licence or part of a corresponding licence to the assignee.

(4)

The approval in terms of subsection (3) may be given subject to the assignee agreeing to –

(a)

such modification of the conditions of the licence or the imposition of such further conditions as the

Regulator considers necessary, for the purpose of protecting the interests of consumers; and

(b)

such incidental or consequential modifications of the conditions as the Regulator considers necessary.

(5)

A licence may include conditions authorising assignment, subject to compliance by the assignee of certain specified conditions.

(6)

An assignment or purported assignment of a licence shall be void-

(a)

if the licence is not capable of assignment;

(b)

if the assignment or purported assignment is in breach of a condition of the licence; or

(c)

if there has been before the assignment or purported assignment a contravention of a condition subject to which consent was given under subsection (2).

Read on from s 23

Part VIII

Tariffs

Read on from Part VIII

Part IX

Wholesale Electricity Market

Read on from Part IX

Part X

Consumer Protection

Read on from Part X

Part XI

Finance

Read on from Part XI

Part XII

Miscellaneous

Read on from Part XII

Part XIII

General

Read on from Part XIII

Part XIV

Repeals and Transitional Provisions

Read on from Part XIV

Schedules