The Transport Act 2000 (Civil Aviation Authority Pension Scheme) Order 2001

20.1  If legislation is passed for the reconstruction or reconstitution of the Principal Employer or if the Principal Employer is absorbed by or amalgamated with a company or another body or if the undertaking of the Principal Employer (or the major part thereof) is assigned to or vested in a company or other body the Trustees may make such arrangements or enter into such agreements (not being arrangements or agreements of such a kind as to prejudice the continued approval of the Scheme) as they think fit for the continuance of the Scheme and for such reconstructed or amalgamated or other company or body to take the place of and become the Principal Employer for all purposes of the Scheme from the date agreed with the Trustees provided that such company or body shall undertake to perform all the obligations of the Principal Employer under the Trust Deed.