Regulation 13(1) A person licensed under regulation 12(1) shall not transfer the licence to another person.(2) Despite subregulation (1), a person may, with the prior written approval of the Commission, transfer a licence issued under these Regulations.(3) A person who transfers a licence otherwise than in accordance with this regulation commits an offence and is liable on summary conviction to a fine of not less than five hundred penalty units and not more than seven hundred and fifty penalty units or to a term Of imprisonment of not less than one year and not more than two years or to both the fine and imprisonment.(4) The Commission shall conduct a due dilligence on the person to whom a licence is being transferred before the transfer is effected.(5) The Commission shall take the following into consideration in deciding whether or not to approve a transfer:(a) The age and condition of the dam;(b) The intended use to which the prospective owner will put the dam;(c)  The technical capacity and the financial capacity, of the prospective owner to operate and conduct periodic maintenance of the dam in an efficient manner; and(d) other requirements that the Commission considers appropriate.