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3.—(1) The functions of any Minister of the Crown under the information provision of a licence which incorporates any of the relevant model clauses are hereby transferred to the Chancellor, so as to be exercisable by him concurrently with that Minister.
(2) Any such licence shall have effect after the coming into force of this Order as if any reference in the information provision to a Minister of the Crown (including any reference which is to be construed as such a reference) included a reference to the Chancellor.
(3) The variation of any provision of a licence by paragraph (2) above is without prejudice to any power to delete or further vary that provision by an instrument under seal executed by the Secretary of State and the licensee.
(4) For the purposes of this article–
(a)the “relevant model clauses” are the provisions specified in Schedule 1 to this Order; and
(b)the “information provision” of a licence which incorporates a relevant model clause is the provision corresponding to that clause.
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