OpenLegislation

Paragraph 54 Property transfer instrumentI1I2

United Kingdom

(1)

A property transfer instrument is an instrument which—

(a)

provides for property, rights or liabilities of a specified CCP to be transferred;

(b)

makes other provision for the purposes of, or in connection with, the transfer of property, rights or liabilities of a specified CCP (whether the transfer has been or is to be effected by that instrument, by another property transfer instrument or otherwise).

(2)

A property transfer instrument may relate to—

(a)

all property, rights and liabilities of the specified CCP,

(b)

all its property, rights and liabilities subject to specified exceptions,

(c)

specified property, rights or liabilities, or

(d)

property, rights or liabilities of a specified description.

Annotations

Commencement

I1

Sch. 11 para. 54 not in force at Royal Assent, see s. 86(3)

I2

Sch. 11 para. 54 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)