delete The New Provisions
A 2001 Order made under the Transport Act 2000 to facilitate the transfer of the Civil Aviation Authority Pension Scheme's assets, rights, liabilities and obligations in connection with the disposal of CAA's shares in National Air Traffic Services Limited to National Air Traffic Services (No.2) Limited. It establishes the 'new provisions' in Schedule 1 as substitutes for corresponding trust deed provisions on the date of disposal.
This Order was a one-time administrative mechanism to facilitate a specific disposal transaction that occurred in 2001. The disposal date has passed, the relevant allocation was made, and the new provisions were substituted. The Order has no ongoing regulatory function—it merely authorized and documented a historic corporate restructuring of the NATS pension scheme. Like all regulations, it risks creating unintended rigidity; in this case, any remaining provisions could constrain future pension scheme management that may be needed due to changing circumstances. Regulations governing institutional structures should not persist beyond the event they were designed to administer.