SCHEDULES
SCHEDULE 15 Transfer of relevant activities in connection with PPP administration orders
Transfer of licences
4
(1)
A scheme under this Schedule may provide for a licence held by the existing appointee to have effect as if it had been granted to the new appointee.
(2)
Different schemes under this Schedule may provide for a licence held by the same existing appointee to have effect as if it had been granted as a separate licence to each of the new appointees under those schemes.
(3)
In this paragraph “licence” means a licence under section 8 of the M1Railways Act 1993.