Part 2 Transfer of Property and Staff from the Regulator to the FCA

Part 2 Transfer of Property and Staff from the Regulator to the FCA

Power of Secretary of State to make transfer schemes

3

The Secretary of State may, with the consent of the FCA, make one or more schemes for the transfer of property, rights and liabilities of the Regulator to the FCA.

Transfer of property, rights and liabilities

4

The following provisions of this Part of this Schedule apply in relation to schemes under paragraph 3 (“transfer schemesâ€).

5

The property, rights and liabilities which are the subject of a transfer scheme are transferred in accordance with the provisions of the scheme on such day as the scheme may specify.

6

The property, rights

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