Schedule 4, Part 2 Transfer of Property and Staff from the Regulator to the FCA (paras. 3-12)
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 schemes").
Financial Guidance and Claims Act 2018 (c. 10) 49
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 and liabilities that may be the subject of a transfer scheme include -
(a) any that would not otherwise be capable of being transferred or assigned,
(b) rights and liabilities under a contract of employment, and
(c) amounts in respect of fees paid under the Compensation (Claims Management Services) Regulations 2006 (S.I. 2006/3322).
7 For the purpose of paragraph 6(b) -