I assume this is a motorcycle not a bicycle.
The duty is on the registered keeper to send the V5 to Swansea, not the buyer.
Hence, if it has not been sent to Swansea, you have committed the offence of failing to notify change of keeper. In that respect, you are absolutely correct.
Unfortunately, DVLA are very inflexible. You may possibly get away with the insurance matter if you send a copy of the friends insurance to DVLA and asked them to cancel that. However it is generally a requirement of the insurance that the bike is registered in the name of the insured and that question is asked at the time of proposal. Hence, if it isn’t registered in your friend’s name, the chance is that the insurance is invalid anyway and although he thinks that he has been insured, he has not. But this last reason, I think it’s very unlikely that you will get off the insurance matter either.
I’m sorry it’s not good news.
Can I clarify anything for you?
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