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(1)When the Secretary of State is satisfied that—
(a)provision has been made such that no statutory functions remain, or are to remain, exercisable by the Receiver (whether as a consequence of provision made by or under this Act, the M1Access to Justice Act 1999 or any other enactment whenever passed), and
(b)provision has been made for the transfer of all property, rights and liabilities of the Receiver (whether under Part XII below or by or under the Access to Justice Act 1999 or any other enactment whenever passed),
the Secretary of State may by order provide for the abolition of the office of the Receiver.
(2)In subsection (1) above references to the Receiver are references to the Receiver for the Metropolitan Police District.