818.The provisions of this Schedule allow the Treasury to transfer some or all of the competent authority functions to another body if it is in the public interest.  Three specific grounds covering the performance of the functions and competition issues are set out in paragraph 1(2). These are particular situations in which the Treasury consider that they might exercise the power to transfer functions.  The purpose of setting out these particular examples of public interest grounds in the legislation is to provide more certainty in this area.  Any order the Treasury makes under this Schedule would be subject to debate in both Houses of Parliament.  This is provided for in section 429(1)(b).
Schedule 8: Transfer of Functions under Part Vi