Paragraph 10 Power to amend transfer schemeI1

England, Wales and Scotland

(1)

The Secretary of State may amend a transfer scheme if the Secretary of State considers that the amendment is appropriate—

(a)

in preparation for or in connection with the designation of a person under section 162 (1),

(b)

for the purpose of enabling the ISOP to carry out any of its functions, or

(c)

for the purpose of enabling a transferor to carry out any of its functions.

(2)

The power under sub-paragraph (1) is not exercisable in relation to a transfer scheme after the end of the period of 12 months beginning with the day on which the scheme takes effect.

(3)

Paragraphs 2 to 7 apply in relation to the amendment of a transfer scheme as they apply in relation to a transfer scheme.

(4)

A transfer scheme may provide for a transferor or transferee under the scheme to be entitled to compensation in consequence of the amendment of the scheme.

(5)

Paragraph 8 (2) to (5) applies (with any necessary modifications) in relation to an entitlement to compensation under sub-paragraph (4) as it applies in relation to an entitlement to compensation under paragraph 8 (1).

Annotations

Commencement

I1: Sch. 9 para. 10 in force at Royal Assent, see s. 334(2)(h)(ii)