A transfer scheme shall not take effect unless it is approved by the Secretary of State; and the Secretary of State may modify such a scheme before approving it.
If, in relation to a transfer scheme—
the Secretary of State may himself make the scheme.
It shall be the duty of the transferor to provide the Secretary of State with all such information and other assistance as he may require for the purposes of or in connection with the exercise, in relation to a transfer scheme, of any power conferred on him by subsection (1) or (2) above.
The Secretary of State shall not exercise any power conferred on him by subsection (1) or (2) above except after consultation with the transferor and—