(1) Each record held immediately before the establishment day by -
(a) the Financial Services Ombudsman’s Bureau,
(b) the Financial Services Ombudsman, or
(c) the office of the Pensions Ombudsman,
shall, on that day, stand transferred to the Office and shall, on and after that day, be property of the Office and be regarded as being held by the Office.
(2) Each record held, immediately before the establishment day, by the Financial Services Ombudsman Council shall, on that day, stand transferred to the Council and shall, on and after that day, be property of the Council and be regarded as being held by the Council.