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(1) Upon the registration of a motor vehicle or trailer under section 38, the Licensing Authority shall assign to the motor vehicle or trailer a registration number comprising

(a) the prescribed prefix indicating the registration area in which the motor vehicle or trailer is registered;

(b) a separate number; and

(c) the prescribed suffix indicating the year of the registration of the motor vehicle or trailer.

(2) The Licensing Authority may, in circumstances as it may, determine whether to withdraw a registration number for the time being assigned to a motor vehicle or trailer.

(3) The Licensing Authority shall upon any assignment or withdrawal made under subsection (2) make all necessary and consequential amendments to the register and the motor vehicle or trailer registration certificate.

(4) Regulations may require the registration number assigned to a motor vehicle or trailer to be fixed in a prescribed manner to the motor vehicle or trailer, to any other motor vehicle drawn by the motor vehicle or to both, prescribe the size, the shape, colour, the character of the registration number to be fixed on any motor vehicle or trailer, and other matter for the effective implementation of the provisions of this section.