Financial Guidance and Claims Act 2018 (c. 10)

SCHEDULES

Yn ddilys o 06/10/2018

SCHEDULE 4 E+W REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES

PART 2 E+W TRANSFER OF PROPERTY AND STAFF FROM THE REGULATOR TO THE FCA

Transfer of property, rights and liabilities E+W

4 E+W The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemes”).

5 E+W The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.

6 E+W The property, rights and liabilities that may be the subject of a transfer scheme include—

(a) any that would not otherwise be capable of being transferred or assigned,

(b) rights and liabilities under a contract of employment, and

(c) amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (S.I. 2006/3322).

7 E+W For the purpose of paragraph 6(b)—

(a) an individual who holds employment in the civil service of the State is to be treated as employed by virtue of a contract of employment, and

(b) the terms on which the individual holds that employment are to be regarded as constituting the terms of that contract.