(1) On and after the transfer of assets and liabilities under a transfer order, in relation to property referred to in paragraph (d) or (e) of section 39(4) or a security referred to in paragraph (f) of that section, transferred by the order -
(a) notwithstanding any provision of an Act listed in subsection (2) or any other Act that provides for the registration of assets or security, or any details of assets or security, a transferee is not required to become registered as owner of the security,
(b) notwithstanding sections 62 and 64 of the Registration of Title Act 1964, a transferee has, in relation to any charge that is or is part of such a security, the powers of a mortgagee under a mortgage by deed, even though it is not registered as owner of the charge,
(c) the transferee has the powers and rights conferred on the registered owner of a charge by the Registration of Title Act 1964, and
(d) where the transfer order effects an extension of or in relation to the security so as