Paragraph 1D Transitional provision in connection with paragraph 1CF1
(1)
Anything that—
(a)
is done (or has effect as if done) by or in relation to an outgoing PRO in respect of any property, right or liability transferred under paragraph 1C; and
(b)
has effect immediately before the transfer takes place,
is to be treated as done by or in relation to the transferee.
(2)
There may be continued by or in relation to the transferee anything, including legal proceedings, that—
(a)
relates to any property, right or liability transferred under paragraph 1C, and
(b)
is in the process of being done by, on behalf of or in relation to the outgoing PRO immediately before the transfer takes place.
(3)
In this paragraph, “the transferee” means the scheme administrator or new PRO, as the case may be, to whom the property, right or liability is transferred.