Amendment of paragraph 2
This section has no associated Explanatory Memorandum
4. In paragraph 2 (making and modification of transfer schemes), after sub-paragraph (7) insert—
“(7ZA) In a case where—
(a)another scheme under this Schedule provides for the transfer of the property, rights and liabilities of the existing appointee, and
(b)that other scheme makes provision for a transfer that is effected as described in paragraph 2A (hive down),
the duty in sub-paragraph (7) also applies to the new owner in relation to that other scheme.”.