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SCHEDULES

SCHEDULE 2E+W+STransfer schemes

Obligation to effect transfers etc. under a schemeE+W+S

4(1)A scheme may contain provision for imposing on a transferee or a transferor an obligation—E+W+S

(a)to enter into such agreements with another person on whom a corresponding obligation is, or could be or has been, imposed by virtue of this paragraph (whether in the same or a different scheme), or

(b)to execute such instruments in favour of any such person,

as may be specified or described in the scheme.

(2)An obligation imposed on a person by virtue of sub-paragraph (1) shall be enforceable by the relevant person in civil proceedings—

(a)for an injunction;

(b)for specific performance of a statutory duty under section 45 of the Court of Session Act 1988 (c. 36); or

(c)for any other appropriate remedy or relief.

(3)The relevant person for the purposes of sub-paragraph (2) is the person with, or in favour of whom, the agreement or instrument is to be entered into or executed.

Commencement Information

I1Sch. 2 para. 4 in force at 8.6.2005 for specified purposes by S.I. 2005/1444, art. 2(1), Sch. 1

I2Sch. 2 para. 4 in force at 24.7.2005 in so far as not already in force by S.I. 2005/1909, art. 2, Sch.