[125C Transfer of functions to new Administrator]

[125C  Transfer of functions to new Administrator]

[(1)     The Secretary of State may by order—

(a)     appoint a person as the Administrator (“the new Administrator”) in place of a person previously so appointed by order under this Chapter (“the old Administrator”), and

(b)     provide for the transfer of the functions of the old Administrator to the new Administrator.

(2)     Only the following persons may be appointed as the Administrator by order under this section—

(a)     the Secretary of State;

(b)     a body or other person established or appointed by or under any enactment to carry out other functions;

(c)     a body corporate established by the order for appointment as the Administrator.

(3)     An order under this section that establishes a body for

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