OpenLegislation

Paragraph 2 I1F1

England and Wales

(1)

The Secretary of State may make a scheme (a “property transfer scheme”) providing for the transfer to F2ISA of any property, rights or liabilities of the Secretary of State.

(2)

The things that may be transferred by a property transfer scheme include—

(a)

property, rights and liabilities that could not otherwise be transferred;

(b)

property acquired, and rights and liabilities arising, after the making of the scheme.

(3)

A property transfer scheme may—

(a)

create interests in, or rights in relation to, anything that is or could be transferred by the scheme;

(b)

impose liabilities in relation to anything that is or could be transferred or created by the scheme;

(c)

apportion property, rights and liabilities;

(d)

provide for things done by or in relation to the Secretary of State in connection with any property, rights or liabilities transferred by the scheme to be treated as done, or to be continued, by or in relation to ISA;

(e)

make provision about the continuation of legal proceedings.

Annotations

Textual amendments

F1

Sch. 2 ceases to have effect (1.12.2012) by virtue of The Protection of Freedoms Act 2012 (Disclosure and Barring Service Transfer of Functions) Order 2012 (S.I. 2012/3006), arts. 1(1), 112 (with Pt. 4)

F2

Words in Sch. 2 para. 2 substituted (12.11.2009) by Policing and Crime Act 2009 (c. 26), ss. 81(2)(3)(m)(iii), 116(5)(a)

Commencement

I1

Sch. 2 para. 2 in force at 2.1.2008 by S.I. 2007/3545, art. 3

Notes on Schedule 2

Textual amendments

F2

Words in Sch. 3 substituted (12.11.2009) by Policing and Crime Act 2009 (c. 26), ss. 81(2)(3)(m)(iii), 116(5)(a)