(1) The Secretary of State may make one or more transfer schemes in connection with -
(a) the establishment of the CMA under this Act,
(b) the transfer of functions under or by virtue of this Act from the Competition Commission or the Office of Fair Trading to the CMA, or
(c) the abolition of that Commission or that Office under this Act.
(2) A transfer scheme is a scheme for the transfer of property, rights and liabilities of the Competition Commission or the Office of Fair Trading to -
(a) the CMA, or
(b) a Minister of the Crown (as defined by section 8 of the Ministers of the Crown Act 1975).
(3) The things that may be transferred under a transfer scheme include -
(a) property, rights and liabilities that could not otherwise be transferred;
(b) property acquired, and rights and liabilities arising, after the making of the scheme.
(4) A transfer scheme may make consequential, supplementary, incidental or transitional provision and may in particular -
(a) create rights, or impose liab
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