s 48 Powers of the manager: transfer of engagements.
(1) An order under section 46(1) may, where the landlord is a registered society , give the manager power to make and execute on behalf of the society an instrument transferring the engagements of the society. (2) Any such instrument has the same effect as a transfer of engagements under section 110 or 112 of the Co-operative and Community Benefit Societies Act 2014 (transfer of engagements by special resolution to another society or a company). In particular, it does not prejudice any right of a creditor of the society. (3) A copy of the instrument, signed by the manager, shall be sent to the Financial Conduct Authority and registered by it ; and until that copy is so registered the instrument shall not take effect. (4) It is the duty of the manager to send a copy for registration within 14 days from the day on which the instrument is executed; but this does not invalidate registration after that time.