(1) A proposed transfer order shall set out -
(a) the consideration for the proposed transfer, and any other terms and conditions of the proposed transfer, including any specification of a date by which or a period within which the transferor is required to comply with any such term or condition, and, where the transfer order or any term of it is to have immediate effect, the reasons why it should have that effect,
(b) any incidental, consequential and supplemental provisions for implementing the transfer and securing that it is fully and effectively carried out, including provisions for substituting the name of the transferee for that of the transferor or otherwise adapting references to the transferor in any instrument made under an Act, and
(c) any provision for transitional matters, including the sharing of assets and other contracts.
(2) A proposed transfer order may propose that the transferee be a bridge-bank if the Bank is of the opinion that -
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