This Order renames and reconstitutes the Cowes Harbour Commissioners as from 1st July 2001. It provides for the Commissioners to consist of a body of ten Commissioners with experience in relevant matters. Nine persons will be appointed by the Commissioners. The Chief Executive will also hold office as a Commissioner. Under the terms of the Order the appointed Commissioners will retire in rotation.

The Order also includes other provisions with respect to the Commissioners' constitution including provisions for the co-option of up to two additional Commissioners and for the protection of the Commissioners from personal liability in the discharge of their functions. The Order increases the Commissioners' borrowing powers, amends existing statutory requirements as to the Commissioners' accounts and repeals or revokes certain statutory provisions.