(1) If an application made under section 91 complies with this Act the Registrar shall—
(a) at or within, the time provided for in the regulations, record in the manner that the Registrar thinks fit, but not in the Register, the particulars of the assignment or transmission; and
(b) publish notice in the prescribed form of the assignment or transmission in accordance with the regulations.
(2) On and after the day on which the Registrar records the particulars of the assignment or transmission, the person to whom the trade mark has been assigned or transmitted is taken, for the purposes of this Act, to be the applicant for the registration of the trade mark.