3(1)If the supplier is a supplier to whom paragraph 1(5) applies, he may, before such date as the Secretary of State may direct—U.K.
(a)make such nomination or nominations as he thinks fit for either or both of the purposes mentioned in paragraph 1(6); and
(b)include the associate or associates so nominated among the persons between whom his property, rights and liabilities may be divided by the transfer scheme.
(2)Paragraph 2 applies to a transfer scheme dividing property, rights and liabilities between persons including persons nominated for the purposes of paragraph 1(6) with the substitution—
(a)in sub-paragraph (2)(c) for the words from “the other such” to “both”; and
(b)in sub-paragraph (3)(b) for the words from “the” (in the first place it appears) to “both”,
of the words “any one or more”.