50.— (1) The administration and business in connection with the performance of any of the functions transferred by subsection (2) are transferred, on the commencement of this Part, to the Executive.
(2) The functions vested in the Agency by or under paragraphs (i), (ii), (v), (vi), (vii), (viii), (ix) and (x) of Article 4 of the Order are, on such commencement, transferred to the Executive.