SCHEDULES
SCHEDULE 31Transfer schemes: further provision
Obligations to enter into agreements or execute instruments
11
1
A transfer scheme may contain provision for imposing, on the transferor or a transferee, obligations—
a
to enter into agreements with persons specified in the scheme, or
b
to execute instruments in favour of persons specified in the scheme.
2
Any person may be specified by virtue of sub-paragraph (1)(a) or (b) (including the transferor or a transferee).
3
Where a scheme contains provision for imposing an obligation of the kind mentioned in sub-paragraph (1)—
a
the scheme must specify or describe the agreement or instrument to which the obligation relates, and
b
the obligation may be enforced in any authorised way by the person—
i
with whom the agreement is to be entered into, or
ii
in favour of whom the instrument is to be executed.
4
In sub-paragraph (3)(b), “"enforced in any authorised way”” means enforced—
a
in civil proceedings for an injunction,
b
in civil proceedings for any other appropriate remedy or relief, or
c
in any other way authorised by the scheme.
5
The scheme may provide that sub-paragraph (4)(a) or (b)—
a
does not apply in relation to the obligation, or
b
applies in relation to the obligation subject to restrictions imposed by the scheme.