The Crown Agents Act 1995 (Successor Company) Order 1997
Section 1(1) of the Crown Agents Act 1995 provides that on such day as the Secretary of State may appoint (“the appointed day”), all property, rights and liabilities to which the Crown Agents for Oversea Governments and Administrations were entitled or subject immediately before that day shall become property, rights and liabilities of a company (“the successor company”) nominated for the purposes of the section by the Secretary of State.