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(1)There shall be a right, to be known as the Olympics association right.
(2)The right shall carry with it the rights and remedies provided by this Act, which shall be exercisable by such person as the Secretary of State F1... may by order made by statutory instrument appoint for the purposes of this subsection.
[F2(2A)An order under subsection (2) above—
(a)may appoint more than one person;
(b)may make different appointments for different purposes;
(c)may make provision for joint or concurrent exercise of rights;
(d)may apply (with or without modifications) or make provision similar to a provision of section 23 of the Trade Marks Act 1994 (c. 26) (co-ownership).]
(3)An order under subsection (2) above which revokes a previous order under that subsection may contain such supplementary and transitional provision as the Secretary of State F1...thinks fit.
(4)A statutory instrument containing an order under subsection (2) above shall be subject to annulment in pursuance of a resolution of either House of Parliament.
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