Regulation 26

a firm or a company has repossessed a registered vehicle which is under a hire-purchase agreement or any other financing arrangement for the purpose of selling the vehicle or letting the vehicle to another hirer under another agreement or arrangement; or

an insurer registered under the Insurance Act (Cap. 142) has taken over a registered vehicle from an insured under a policy of insurance for the purpose of settlement of an insurance claim,the Registrar may, upon —

the application made by the firm or company or insurer in such form or manner as the Registrar may require; and

receiving payment of a fee of $25,temporarily transfer the registration of the vehicle to the name of such firm or company or insurer for a period not exceeding 3 months, subject to such conditions as the Registrar may think fit to impose.

extend the period of registration of the vehicle in the name of the firm or company or insurer for a further period of 3 months upon the payment of a fee of $30; (b)at the expiration of the 3-month period referred to in sub‑paragraph (a), extend the period of registration of the vehicle in the name of the firm or company or insurer for a further period of 3 months upon the payment of a fee of $60; (c)at the expiration of the 3-month period referred to in sub‑paragraph (b), extend the period of registration of the vehicle in the name of the firm or company or insurer for a further period of 3 months upon the payment of —

a fee of $90, if the 3-month period referred to in sub‑paragraph (b) expired on or after 25th May 2009 but before 24th February 2011; or

a fee of $60, if the 3-month period referred to in sub‑paragraph (b) expires on or after 7th March 2013; and

at the expiration of the 3-month period referred to in sub-paragraph (c), if the last day of that period is on or after 7 April 2020 but before 7 July 2020, extend the period of registration of the vehicle in the name of the firm, company or insurer for a further period of 3 months,subject to such conditions as the Registrar may in his discretion impose.

any vehicle where the 3-month extension of the period of registration of the vehicle in the name of the firm or company or insurer as extended under paragraph (2)(b) had expired before 25th May 2009; or

any vehicle the registration of which is temporarily transferred to the name of such firm or company or insurer referred to under paragraph (1) on or after 25th May 2010 but before 8th June 2012.

the Registrar does not extend the period of registration of the vehicle under paragraph (2)(a), (b), (c) or (d), as the case may be;

any period of extension granted by the Registrar under any of those paragraphs has expired; and

the firm or company or insurer has not before the expiration of that period of extension transferred the registration of the vehicle to another person,then, at the expiration of that period of extension, the firm or company or insurer shall transfer the registration of the vehicle to its name and pay —

the prescribed fee in Part IV of the First Schedule;

the fee payable under rule 31(1), subject to the minimum fee referred to in that rule; and

the fee payable under rule 31(4), in respect of a motor vehicle referred to in that rule.

it will, after the transfer, be registered under a person specified in rule 3C(1) or (2); and

the person referred to in sub-paragraph (a) has complied or has undertaken to the Registrar to comply with rule 45C(1), (2) or (3), as the case may be.