SCHEDULES
SCHEDULE 10 Amendments Consequential on Part I
Part II Amendments of Other Enactments
Oil and Pipelines Act 1985 (c.62)
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In Schedule 3 to the Oil and Pipelines Act 1985 (Oil and Pipelines Agency: financial and other provisions), in paragraph 9(2)
(duty to prepare consolidated accounts) for “subsidiaries”
(three times) substitute “
subsidiary undertakings
”
, and at the end of that sub-paragraph add—
In this sub-paragraph “subsidiary undertaking” has the same meaning as in Part VII of the Companies Act 1985.