SCHEDULES

SCHEDULE 3The Competition Service

Part 2 Transfers of property etc. between the Commission and the Service

13

(1)

The Secretary of State may make one or more schemes for the transfer to the Service of defined property, rights and liabilities of the Commission (including rights and liabilities relating to contracts of employment).

(2)

A scheme may define the property, rights and liabilities to be transferred by specifying or describing them or by referring to all (or all except anything specified or described) of the property, rights and liabilities comprised in a specified part of the undertaking of the transferor.

(3)

The property, rights and liabilities which may be transferred include any that would otherwise be incapable of being transferred or assigned.

(4)

A scheme may include supplementary, incidental, transitional and consequential provision.