Section 115 Transfer of assets and liabilitiesI1
United Kingdom
(1)
The Treasury may by regulations provide for the transfer of assets or liabilities of the BBS Pension Scheme or the NRAM Pension Scheme to—
(a)
a nominee of the Treasury, or
(b)
a company established by the Treasury for the purpose of holding the assets or the liabilities pending their disposal or discharge.
(2)
Regulations may be made under this section only if regulations under section 111 have been made.
(3)
Regulations under this section may include provision for the making of payments into the Consolidated Fund.