# The Electricity Supply Pension Scheme (Eligible Persons) Regulations 1990, Regulation 7: Transfer of liabilities


(1) Subject to the provisions of paragraph (2), every liability or obligation outstanding immediately before the coming into force of these Regulations and incurred by any relevant existing body or other person on behalf of or for the purposes of an old scheme or by any relevant scheme in respect of a by-analogy member shall be liabilities or obligations of the Trustees to the exclusion of that person:
Provided that nothing in this paragraph shall relieve any relevant existing body or other person from any liability for any breach of trust or duty, except in so far as under the provisions of the old scheme or the relevant scheme he would, but for the operation of these Regulations, have been entitled to an indemnity in respect thereof from assets available for the purposes of the old scheme or the relevant scheme.
(2) In respect of an old scheme the exclusion of each relevant existing body or other person to whom the foregoing paragraph applies from liability as aforesaid shall, without prejudice to the vesting in the Trustees of the liability in question, take effect only after signature and delivery of all certificates required to be made for the due registration of the title of the Trustees to all property and rights transferred with respect to the old scheme by virtue of regulation 6.

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Source: https://www.legislation.gov.uk/uksi/1990/164/regulation/7 (the official version)
Page: https://openlegislation.uk/electricity-supply-pension-scheme-eligible-persons-regulations-1990/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.