SCHEDULE 1 CFD Counterparties: Transfer Schemes
Energy Act 2013 (2013 c 32) | Legislation

SCHEDULE 1 CFD Counterparties: Transfer Schemes

Section 7

Power to make transfer schemes

1

(1)     The Secretary of State may make one or more schemes for the transfer of designated property, rights or liabilities of a person who has ceased to be a CFD counterparty (“the transferorâ€) to a person who is a CFD counterparty (“the transfereeâ€).

(2)     On the transfer date, the designated property, rights and liabilities are transferred and vest in accordance with the scheme.

(3)     The rights and liabilities that may be transferred by a scheme include those arising under or in connection with a contract of employment.

(4)     A certificate by the

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