art 15 Application of enactments
(1) In this article “the relevant date” (“y dyddiad perthnasol”) means— (a) in relation to so much of the former railway as is owned by or leased to the undertaker at the date of the coming into force of this Order, that date; and (b) in relation to any part of the former railway which at that date is not so owned or leased, the date upon which that part is sold or leased to the undertaker. (2) Except as may be otherwise provided in this Order, as from the relevant date— (a) the former railway or any part of it shall continue to be subject to all statutory and other provisions applicable to the former railway at that date (in so far as they are still subsisting and capable of taking effect); and (b) the undertaker shall, to the exclusion of BRB (Residuary) Limited— (i) be entitled to the benefit of, and to exercise, all rights, powers and privileges relating to the former railway; and (ii) subject to paragraph (3), be subject to all obligations, statutory or otherwise, relating to the former railway (in so far as they are still subsisting and capable of taking effect), to the intent that BRB (Residuary) Limited will be released from all such obligations. (3) Any enactment by which the construction and operation of the former railway was authorised has effect subject to the provisions of this Order. (4) In this article “BRB (Residuary) Limited” means the company of that name whose registered number is 4146505 having its registered office at 14 Pentonville Road, London, N1 9HF.