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SCHEDULES

SCHEDULE 17Transfers to SRA from Rail Regulator

Part IIIAssociated property, rights and liabilities

Effect of transfer scheme

36On the date appointed by a transfer scheme, the property, rights and liabilities which are the subject of the scheme shall, by virtue of this paragraph, be transferred in accordance with the provisions of the scheme.

37Nothing in this Part affects the validity of anything done by or in relation to the Regulator in connection with anything transferred under a transfer scheme.

38There may be continued by or in relation to the Authority anything (including legal proceedings) relating to anything transferred by a transfer scheme which is in the process of being done by or in relation to the Regulator immediately before it is transferred.

39Anything done by the Regulator for the purpose of or in connection with anything transferred by a transfer scheme which is in effect immediately before it is transferred shall be treated as if done by the Authority.

40The Authority shall be substituted for the Regulator in documents and legal proceedings relating to anything transferred by a transfer scheme.