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7(1)A scheme may define property, rights or liabilities for whose transfer it provides—U.K.
(a)by specifying it or them;
(b)by describing it or them.
(2)A scheme may define retained property for the purposes of provision made under paragraph 6(1)(b)—
(a)by specifying it;
(b)by describing it.
(3)A description of property, rights or liabilities may be framed (in particular)—
(a)by reference to the transferor's undertaking;
(b)by reference to a specified part of that undertaking.