6.—(1) Sub-paragraph (2) applies where (apart from that sub-paragraph) a third party would be entitled, in consequence of anything done or likely to be done by or under this Order in connection with a scheme under this Schedule—N.I.
(a)to terminate, modify, acquire or claim any asset; or
(b)to treat any asset as modified or terminated.
(2) That entitlement—
(a)shall not be enforceable in relation to that asset, until after the transfer of the asset; and
(b)shall then be enforceable in relation to the asset only in so far as the scheme contains provision for the asset to be transferred subject to whatever confers that entitlement.
Commencement Information
I1Sch. 1 para. 6 partly in operation; Sch. 1 para. 6 not in operation at date of making see art. 1(2); Sch. 1 para. 6 in operation for certain purposes at 1.4.2007 by S.R. 2007/194, art. 2(2), Sch. 1 Pt. II (subject to art. 3, Sch. 2)