SCHEDULES

SCHEDULE 4REGULATION OF CLAIMS MANAGEMENT SERVICES: TRANSFER SCHEMES

PART 3TRANSFER OF PROPERTY AND STAFF FROM THE OLC TO THE FOS

Transfer of property, rights and liabilities

20

The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 13 or 17 (“transfer schemes”).

21

The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.

22

The property, rights and liabilities that may be the subject of a transfer scheme include—

(a)

any that would not otherwise be capable of being transferred or assigned, and

(b)

rights and liabilities under a contract of employment.