SCHEDULES

SCHEDULE 2Transfer schemes

Application and commencement of scheme

I1I21

1

A scheme may set out the property, rights and liabilities to be transferred in one or more of the following ways—

a

by specifying or describing them in particular;

b

by identifying them generally by reference to an undertaking from which they are to be transferred; or

c

by identifying them by reference to a specified part of such an undertaking.

2

A scheme comes into force on the date appointed by the scheme.