After section 150(2) of the Transport Act 1983 insert —
'(2A) Without limiting sub-section (2), the licensing authority may grant an application if—
(a) a relevant dealing is a dealing of a kind or a class, and related information is information of a kind or class, that is required under the regulations to be, as the case requires, conducted, recorded or disclosed in accordance with—
(i) the rules of a securities exchange or other system specified by the Secretary; or
(ii) a method or rules specified by the Secretary; and
(b) the licensing authority is satisfied that—
(i) the relevant dealing has been so conducted, recorded or disclosed; and
(ii) the related information has been so recorded or disclosed.
(2B) In sub-section (2A)—
"relevant dealing" means a dealing for or in connection with the assignment of the right to operate a vehicle under a taxi-cab licence;
"related information" means information relating to a relevant dealing or necessary to enable a relevant dealing to be conducted.'.