Section 72(2).
1 This Act applies in relation to the Authority when it is exercising functions under Part VI as the competent authority subject to the following modifications.
2 In section 2—
(a) subsection (4)(a) does not apply to listing rules;
(b) subsection (4)(c) does not apply to general guidance given in relation to Part VI; and
(c) subsection (4)(d) does not apply to functions under Part VI.
3 Section 8 does not apply.
4 (1) Sections 149, 153, 154 and 156 do not apply.
(2) Section 155 has effect as if—
(a) the reference in subsection (2)(c) to the general duties of the Authority under section 2 were a reference to its duty under section 73; and
(b) section 99 were included in the provisions referred to in subsection (9).
5 (1) Paragraph 5 of Schedule 1 has effect as if the requirement to act through the Authority’s governing body applied also to the exercise of its functions of publishing statements under section 93.
(2) Paragraph 1 of Schedule 1 has effect as if section 93 were included in the provisions referred to in sub-paragraph (2)(d).
6 Paragraph 16 of Schedule 1 does not apply in relation to penalties under Part VI (for which separate provision is made by section 100).
7 Paragraph 17 of Schedule 1 does not apply in relation to fees payable under Part VI (for which separate provision is made by section 99).
8 Schedule 1 has effect as if—
(a) sub-paragraph (1) of paragraph 19 were omitted (similar provision being made in relation to the competent authority by section 102); and
(b) for the words from the beginning to “(a)” in sub-paragraph (3) of that paragraph, there were substituted “Sub-paragraph (2) does not apply”.
Section 72(3).
1 (1) The Treasury may by order provide for any function conferred on the competent authority which is exercisable for the time being by a particular person to be transferred so as to be exercisable by another person.
(2) An order may be made under this paragraph only if—
(a) the person from whom the relevant functions are to be transferred has agreed in writing that the order should be made;
(b) the Treasury are satisfied that the manner in which, or efficiency with which, the functions are discharged would be significantly improved if they were transferred to the transferee; or
(c) the Treasury are satisfied that it is otherwise in the public interest that the order should be made.
2 (1) An order under this Schedule does not affect anything previously done by any person (“the previous authority”) in the exercise of functions which are transferred by the order to another person (“the new authority”).
(2) Such an order may, in particular, include provision—
(a) modifying or excluding any provision of Part VI, IX or XXVI in its application to any such functions;
(b) for reviews similar to that made, in relation to the Authority, by section 12;
(c) imposing on the new authority requirements similar to those imposed, in relation to the Authority, by sections 152, 155 and 354;
(d) as to the giving of guidance by the new authority;
(e) for the delegation by the new authority of the exercise of functions under Part VI and as to the consequences of delegation;
(f) for the transfer of any property, rights or liabilities relating to any such functions from the previous authority to the new authority;
(g) for the carrying on and completion by the new authority of anything in the process of being done by the previous authority when the order takes effect;
(h) for the substitution of the new authority for the previous authority in any instrument, contract or legal proceedings;
(i) for the transfer of persons employed by the previous authority to the new authority and as to the terms on which they are to transfer;
(j) making such amendments to any primary or subordinate legislation (including any provision of, or made under, this Act) as the Treasury consider appropriate in consequence of the transfer of functions effected by the order.
(3) Nothing in this paragraph is to be taken as restricting the powers conferred by section 428.
3 If the Treasury have made an order under paragraph 1 (“the transfer order”) they may, by a separate order made under this paragraph, make any provision of a kind that could have been included in the transfer order.