This Order came fully into force on 1 October 2013 and applies to England, Scotland, Wales and Northern Ireland.
It is made in accordance with the Public Bodies Act 2011 and:

transfers the statutory functions of BRB (Residuary) Limited to the Secretary of State and Network Rail (Assets) Limited;
abolishes BRB (Residuary) Limited;…

Details on this legislative text is provided by Cedrec. Please click here to see the summary.