5.—(1) The provisions which apply by virtue of paragraph (a) and (b) of article 3 do so as if—
(a)any reference to the authorised person concerned were a reference to the members concerned; and
(b)anything done in connection with the transfer by the person authorised in accordance with paragraph (a) of article 4 had been done by the members concerned for whom he acted.
(2) In the application of Part I of Schedule 12 to the Act to the members concerned, the conditions in sub-paragraphs (2)(a), (3)(a) and (4)(a) of paragraph 1 of that Schedule are treated as satisfied.