Transfers of biodiversity credits
6.19 Transfers of biodiversity credits
The holder of a biodiversity credit that is in force may transfer the credit to any person, subject to this Act and the regulations.
A biodiversity credit cannot be transferred if it has been suspended by the Environment Agency Head and the suspension is in force.
The transfer of a biodiversity credit does not affect any requirement imposed on the owner of a biodiversity stewardship site under a biodiversity stewardship agreement. In particular, it does not affect any requirement that the owner carry out management actions in respect of the land in relation to which the credit was created.
The regulations may make further provision with respect to the transfer of biodiversity credits (including by prohibiting certain transfers of biodiversity credits).
This provision refers to the regulations (the regulations
, The regulations may make
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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