# The Parliamentary Works Sponsor Body (Abolition) Regulations 2022, Regulation 5: Transfer of property


(1) The property, rights and liabilities of the Sponsor Body are hereby transferred to the Corporate Officers (to be held jointly).
(2) Paragraph (1) includes rights and liabilities under contracts of employment; and the provisions of the Transfer of Undertakings (Protection of Employment) Regulations 2006 shall be treated as if they applied to the transfer under paragraph (1).

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Source: https://www.legislation.gov.uk/ukdsi/2022/9780348241457/regulation/5 (the official version)
Page: https://openlegislation.uk/draft-parliamentary-works-sponsor-body-abolition-regulations-2022/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.