Transfer of statutory functions2.
(1)
On the transfer date, the functions exercisable by the British Waterways Board—
(a)
under or by virtue of the enactments listed in Schedule 1 (enactments conferring functions transferred by article 2), and
(b)
(2)
Schedule 2 (which makes consequential provision to the 1962 Act and the 1968 Act) has effect.
(3)
Schedule 3 (which makes consequential provision to public general Acts, Acts of the Scottish Parliament and subordinate legislation) has effect.
(4)
Paragraphs (5) and (6) apply so far as is necessary for the purposes of, or in consequence of, paragraph (1).
(5)
(6)
Subject to paragraph (5), any reference to (and any reference which is to be read as a reference to) the British Waterways Board—
(a)
in any subordinate legislation made under or by virtue of any Act listed in Schedule 1 (other than subordinate legislation made under or by virtue of any section of the 1962 Act or the 1968 Act listed as an exception in that Schedule), or
(b)
in any local Act or any subordinate legislation made under or by virtue of any such Act,
is to be read in relation to England and Wales as a reference to Canal & River Trust.