51.—(1) The Authority must establish and maintain a register of NIROCs (“the Register”) in accordance with Schedule 3 which shall have effect.
(2) A NIROC is issued for the purpose of this Order at the point at which its particulars (within the meaning of Schedule 3) are entered in the Register by the Authority.
(3) Without prejudice to the foregoing provisions of this Article and Schedule 3, the Authority must ensure that the Register contains, by way of entries made in it——
(a)an accurate record of the particulars of each NIROC which is issued by the Authority (including the person who is for the time being its registered holder) and which remains eligible to be produced to the Authority; and
(b)a list of names of all persons who either are the registered holder of a NIROC or, although not at that time the registered holder of a NIROC, have notified the Authority that they wish an entry to be made and maintained in respect of them as prospective registered holders of NIROCs.
(4) Only the registered holder of a NIROC may produce that NIROC to the Authority under Article 5.