SCHEDULES

SCHEDULE 3Horserace Betting Levy Board: Transfer of Property

Content of transfer scheme

9

A transfer scheme—

a

may impose obligations on a person to whom property, rights or liabilities are transferred,

b

may require a person to whom property, rights or liabilities are transferred to enter into an agreement of a specified kind or for a specified purpose,

c

may make provision for the enforcement of an obligation imposed by virtue of this paragraph (which may, in particular, provide for an obligation to be treated as if it arose under a contract between specified persons), and

d

may make provision for the enforcement of a requirement included in a scheme by virtue of this paragraph.