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3.—(1) With effect from the transfer date—
(a)the college shall cease to be managed in accordance with arrangements under Article 66(1) of the 1986 Order;
(b)there shall be established under this Order for the college a body corporate to be known as the governing body of the college; and
(c)the college shall be under the management of the governing body.
(2) Schedule 1 (which provides for the transfer of certain property, rights, liabilities and staff to the governing body established under this Order and makes other provision consequential on, related to, or for the purpose of facilitating, the transfer effected by paragraph (1)) shall have effect.
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