This section has no associated Explanatory Notes
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
I1Sch. 21 para. 4 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1