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SCHEDULES

SCHEDULE 6U.K. Transfer schemes

Third partiesU.K.

19(1)This paragraph applies if—U.K.

(a)an agreement is made by the parties under paragraph 5 or 9 or treated as made under paragraph 6 or 10, or

(b)an instrument is executed by the parties under paragraph 9.

(2)The agreement or instrument is to bind all other persons even if it would (apart from this sub-paragraph) have required the consent or concurrence of any other person.

(3)If as a result of the agreement or instrument the rights or liabilities of a person who is not a party become enforceable as to part against or by one party and as to part against or by another party—

(a)the parties must notify that person of the agreement or instrument;

(b)that person may within the period of 28 days (starting with the day he is notified) apply to the Secretary of State to give a direction to vary the agreement or instrument.

(4)If the Secretary of State is satisfied that the agreement or instrument operated unfairly against that person, the Secretary of State may give a direction to the parties requiring them to vary the agreement or instrument in a way specified in the direction.

Commencement Information

I1Sch. 6 paras. 1-25 wholly in force at 1.2.2001, see s. 275(1) and S.I. 2001/57, art. 3(1), Sch. 2 Pt. I (subject to the transitional provision and saving in Sch. 2 Pt. II)