Power of OLC to make transfer schemes
13 The OLC may make one or more schemes for the transfer of property, rights and liabilities of the OLC to the FOS.
14 A scheme made under paragraph 13 is not to be capable of coming into force unless it is approved by the Treasury and the Lord Chancellor.
15 The OLC may not submit a scheme to the Treasury or the Lord Chancellor for approval under paragraph 14 without the consent of the FOS and the FCA.
Power of Lord Chancellor to make transfer schemes
16 Paragraph 17 applies if the OLC fails to make a scheme under paragraph 13 in circumstances where the Lord Chancellor considers that it is necessary for such a scheme to be made.
17 The Lord Chancellor may, with the approval of the Treasury, the OLC, the FOS and the FCA, make a scheme for the transfer of property, rights and liabilities of the OLC to the FOS.
Provision of information and assistance by OLC
18 The OLC must provide the Treasury and the Lord Chancellor with all such informat
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