Paragraph 5 I1

(1)

On the day appointed by a transfer scheme the property, rights and liabilities which are the subject of the scheme are transferred to F1Citizens Advice in accordance with the provisions of the scheme.

(2)

Sub-paragraph (1) has effect in relation to property, rights or liabilities to which it applies in spite of any provision (of whatever nature) which would prevent or restrict the transfer of the property, rights or liabilities otherwise than by virtue of that sub-paragraph.

Annotations

Textual amendments

F1: Words in Sch. 4 substituted (1.4.2014) by The Public Bodies (Abolition of the National Consumer Council and Transfer of the Office of Fair Trading's Functions in relation to Estate Agents etc) Order 2014 (S.I. 2014/631), art. 1(3), Sch. 1 para. 12(49) (with Sch. 1 para. 28, Sch. 2 paras. 13-15)

Commencement

I1: Sch. 4 para. 5 in force at 21.12.2007 by S.I. 2007/3546, art. 3, Sch.