Prohibitions on transfer to extend opportunity for registering interest 46B Prohibition on transfer to allow time for interest to be registered 15 (1) The owner of land to which section 46K applies, and any creditor in a standard security having a right to sell the land, is prohibited from— (a) transferring the land, or (b) taking any action with a view to a transfer of the land, until Ministers give notice under section 46E that the prohibition under this 20 section is lifted. (2) A notice under section 46E lifts the prohibition under subsection (1) until— (a) the land is transferred, or (b) if the land is not transferred within the period of 2 years beginning with the day that the notice is sent, the expiry of that period. 25 46C Request by owner, or creditor, to lift prohibition under section 46B (1) An owner of land, or a creditor in a standard security with the right to sell land, may make a request to Ministers to lift the prohibition under section 46B(1) so that the land can be transferred. (2) A request under subsection (1) is to be made by notice in the prescribed 30 manner. 46D Procedure following receipt...