Winding up of affairs of old employers
4.—(1) Subject to paragraph (2), the relevant new employer shall—
(a)prepare a statement of accounts in respect of the old employer’s financial year to 31st March 2002;
(b)submit a report on the performance of the old employer for the period since the last report under section 18(6) of the 1997 Act to 31st March 2002; and
(c)carry out any other functions as may be necessary or expedient consequent on the dissolution of the old employer.
(2) Where the old employer was the English National Board, the functions mentioned in paragraph (1)(a) and (b) shall be exercised by the persons who at the time of the dissolution of the English National Board hold the offices of Chief Executive Officer and Principal Finance Officer of the Board(1).
The Chief Executive Officer is appointed under section 5(7)(a) of the Act and the Principal Finance Officer is appointed under section 5(7)(b) of the Act and S.I. 1993/629 to which there are amendments which are not relevant to this Order.