20(1)A person who immediately before the day on which section 1 comes into force is the chair of the LBRO company is to be treated—U.K.
(a)as having been appointed as the chair of LBRO under paragraph 3(3), and
(b)as having been so appointed on the day on which, and for the term for which, that person was appointed as the chair of the LBRO company.
(2)A person who immediately before the day on which section 1 comes into force is a director of the LBRO company is to be treated—
(a)as having been appointed as an ordinary member of LBRO under paragraph 3(3), and
(b)as having been so appointed on the day on which, and for the term for which, that person was appointed as a director of the LBRO company.
(3)A person who is the Chief Executive of the LBRO company immediately before the day on which section 1 comes into force is to be treated as appointed as the first Chief Executive of LBRO under paragraph 7(3).
(4)A committee or sub-committee of the LBRO company which was in existence immediately before the day on which section 1 comes into force is to be treated as having been established as a committee or sub-committee of LBRO under paragraph 8(1) or (3).