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SCHEDULES

Prospective

SCHEDULE 3E+W+SHorserace Betting Levy Board: Transfer of Property

Modification of schemeE+W+S

14(1)This paragraph applies where—E+W+S

(a)a transfer scheme provides for the transfer of specified property, rights or liabilities, and

(b)the transfer has not yet taken effect (whether or not another transfer under the scheme has taken effect).

(2)The Secretary of State may modify the scheme in so far as it relates to the transfer.

15(1)This paragraph applies where—E+W+S

(a)a transfer scheme provides for the transfer of specified property, rights or liabilities, and

(b)the transfer has taken effect.

(2)The Secretary of State may modify the scheme in so far as it relates to the transfer.

(3)Modification under this paragraph must be made by order of the Secretary of State made by statutory instrument.

(4)An order under this paragraph may not be made without the consent of—

(a)the person to whom the transfer is made, and

(b)any other person specified in or in relation to the provision to be modified.

(5)An order under this paragraph shall not be made unless a draft has been laid before Parliament.