2(1)Property transferred by a transfer scheme shall, on the coming into force of the scheme, vest in OFCOM without further assurance.U.K.
(2)Where any transfer scheme comes into force, any agreement made, transaction effected or other thing done by or in relation to the person from whom any transfers for which the scheme provides are made shall have effect, so far as necessary for the purposes of those transfers, as if—
(a)it had been made, effected or done by or in relation to OFCOM; and
(b)OFCOM were the same person in law as the person from whom the transfer is made.
(3)Accordingly, references in any agreement, document, process or instrument of any description to the person from whom anything is transferred by means of a transfer scheme shall have effect, so far as necessary for the purpose of giving effect to the transfer from the coming into force of the scheme, as references to OFCOM.
(4)Where any agreement, document, process or instrument of any description has effect, in relation to anything transferred by means of a transfer scheme, as referring (whether expressly or by implication)—
(a)to a member or to an officer of a pre-commencement regulator, or
(b)to an officer of the Secretary of State,
that agreement, document, process or instrument shall have effect so far as necessary for the purposes of the transfers effected by the scheme and in consequence of them, as referring instead to the person mentioned in sub-paragraph (5).
(5)That person is—
(a)the person nominated for the purposes of the transfer by OFCOM; or
(b)in default of a nomination, the member or employee of OFCOM who most closely corresponds to the member or officer originally referred to.
(6)Nothing in sub-paragraph (3) or (4) is to apply in relation to any reference in an enactment or in subordinate legislation.
Commencement Information
I1Sch. 2 para. 2 in force at 18.9.2003 by S.I. 2003/1900, art. 2(2), Sch. 2