CertificatesU.K.
14(1)This paragraph applies if—U.K.
(a)a transfer scheme provides for the transfer of property, rights or liabilities from a transferor to a transferee, and
(b)a certificate falling within sub-paragraph (2) is made jointly by or on behalf of the parties.
(2)A certificate falls within this sub-paragraph if it certifies that any specified property, right or liability—
(a)was intended to be, and was, vested in the transferee by virtue of the transfer, and
(b)has not been the subject of an agreement under paragraph 11.
(3)The certificate is to be conclusive evidence for all purposes of the facts it certifies.
(4)The reference in sub-paragraph (2) to property includes a reference to an interest in or right over property.
(5)Sub-paragraph (6) applies if—
(a)one of the parties requests the other to join in the preparation of a certificate, and
(b)they fail to agree the terms of a certificate within the period of one month starting with the day of the request.
(6)The parties must—
(a)refer the matter to the Secretary of State, and
(b)issue a certificate in such terms as may be specified in a direction given by him.
(7)The parties are the transferor and the transferee.
Commencement Information
I1Sch. 6 paras. 1-25 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)