Schedule 7, paragraph 6(2)

An FMI transfer scheme may in particular make provision, in relation to a provision of the scheme— for the new company to be treated as the same person in law as the old company; for agreements made, transactions effected or other things done by or in relation to the old company to be treated, so far as may be necessary for the purposes of or in connection with a transfer in accordance with the scheme, as made, effected or done by or in relation to the new company; for references in an agreement, instrument or other document to the old company or to an employee or office holder with the old company to have effect, so far as may be necessary for the purposes of or in connection with a transfer in accordance with the scheme, with such modifications as are specified in the scheme; that the effect of any transfer in accordance with the scheme in relation to contracts of employment with the old company is not to terminate any of those contracts but is to be that periods of employment with that company are to count for all purposes as periods of employment with the new company; for proceedings commenced by or against the old company to be continued by or against the new company.

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