Consequential provision6.

(1)

For the purpose of enabling the National Rivers Authority to discharge the liabilities transferred by regulation 4, the provisions specified in Schedule 2 shall have effect on and after the transfer date with the necessary modifications.

(2)

For the purpose of enabling the successor company to discharge the liabilities transferred by regulation 5 –

(a)

section 20(2) of the Superannuation Act 1972 shall have effect on and after the transfer date as if for the words from the beginning to “subsection (1)(b) above” there were substituted the words “The company nominated in accordance with section 4 of the Water Act 1989 to succeed the Thames Water Authority shall pay to or in respect of the persons to whom this section applies”;

(b)

section 20(3) of that Act shall have effect on and after the transfer date as if for the words “The Conservators and the Catchment Board” there were substituted the words “The company referred to in subsection (2) above”; and

(c)

any pension scheme applied by virtue of section 20(2) of that Act shall have effect on and after the transfer date with the necessary modifications.