Financial Services Act 2012 (c. 21)

SCHEDULES

SCHEDULE 21 U.K. Transfer schemes

PART 2 U.K. Property, rights and liabilities of Office of Fair Trading

Transfer schemes U.K.

9 U.K. A transfer scheme may—

(a) apportion, or provide for the apportionment of, property, rights and liabilities,

(b) define the property, rights and liabilities to be transferred by specifying them or by describing them (including describing them by reference to functions that are transferred by the order falling within paragraph 7(1));

(c) contain provision for the payment of compensation by the FCA to the OFT;

(d) contain provision for the payment of compensation by the OFT or the FCA to any person whose interests are adversely affected by the scheme;

(e) contain supplemental, incidental, transitional and consequential provision.

Commencement Information

I1 Sch. 21 para. 9 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1