Sch 11 para 8
(1) A postal transfer scheme may contain provision— (a) for a new company to be treated for all purposes as having been designated by OFCOM under section 35 as a universal service provider, and (b) for the transfer to a new company of the whole or part of any obligation contained in a regulatory condition to which the old company was subject. (2) The reference to the transfer of a part of any obligation includes the transfer of any obligation so far as relating to an area specified or described in provision made by the scheme. (3) A postal transfer scheme may, in consequence of provision made under sub-paragraph (1), make modifications of regulatory conditions to which the old company or new company are subject.