Schedule 7, paragraph 5(2)

The property, rights and liabilities of the old company that may be transferred in accordance with an FMI transfer scheme include— property, rights and liabilities that would not otherwise be capable of being transferred or assigned by the old company; property acquired, and rights and liabilities arising, in the period after the making of the scheme but before it takes effect; rights and liabilities arising after it takes effect in respect of matters occurring before it takes effect; property situated anywhere in the United Kingdom or elsewhere; rights and liabilities under the law of a part of the United Kingdom or of a place outside the United Kingdom (including under legislation of the European Union); rights and liabilities under an enactment... or subordinate legislation.

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Source: legislation.gov.uk · retrieved 2026-09-04