281 ENERGY LAW Conclusion Activities that may be performed with a license in the electricity market are limited in number in the EML. All regulations regarding the licenses issued for these activities are included in the Regulation. In accordance with the provision of the Regulation, as a rule, licenses cannot be transferred. However, there are exceptions to this rule. As a result of these exceptional circumstances, the legal person who took over the license is given a new license as a continuation of the former license. The new license application, which is a continuation of the former license, is a sensitive process that must be carried out by legal entities before the EMRA.
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