45(1)The regulations may provide for the Regulator to make one or more schemes making such provision as to property, rights and liabilities as is necessary or expedient for the purpose of enabling the new entity to carry on the regulated activity in relation to the relevant heat network in an effective manner.U.K.
(2)Regulations made by virtue of sub-paragraph (1) may, in particular, authorise a scheme to provide for—
(a)the transfer of property, rights or liabilities;
(b)the creation of interests in, or rights in relation to, property;
(c)the creation of rights and liabilities as between the old entity and the new entity;
(d)the modification of interests, rights or liabilities of third parties;
(e)the enforcement of a right or liability for whose transfer or creation the scheme provides;
(f)the entering into of agreements and the execution of instruments for the purposes of, or in connection with, the transfer of property or the transfer or creation of rights or liabilities;
(g)the time at which a transfer, creation or modification is to take place;
(h)the assessment and payment of compensation.
(3)Regulations made by virtue of sub-paragraph (1) may provide for the scheme—
(a)to contain incidental, supplementary, consequential, transitional, transitory or saving provision;
(b)to make different provision for different purposes.
(4)The regulations may provide for the modification of a scheme.
Commencement Information
I1Sch. 18 para. 45 in force at Royal Assent, see s. 334(2)(l)