SCHEDULES

SCHEDULE 21U.K.Transfer schemes

PART 1 U.K.Property, rights and liabilities of Financial Services Authority

Transfer schemesU.K.

4U.K.A transfer scheme may—

(a)apportion, or provide for the apportionment of, property, rights and liabilities,

(b)define the property, rights and liabilities to be transferred by specifying them or by describing them (including describing them by reference to functions that are transferred by or under this Act);

(c)contain provision for the payment of compensation by the PRA or the Bank to the FSA;

(d)contain provision for the payment of compensation by the FSA, the PRA or the Bank to any person whose interests are adversely affected by the scheme;

(e)contain supplemental, incidental, transitional and consequential provision.

Commencement Information