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SCHEDULES

SCHEDULE 13U.K. Transitional Provisions and Savings

Part IVU.K. On and After the Starting Date

Chapter IVU.K. The Utilities

RailwaysU.K.

34(1)In this paragraph—U.K.

(2)For a section 131 agreement there is a transitional period of five years.

(3)There is a transitional period for a non-exempt agreement to the extent to which the agreement is at any time before the end of the relevant period required or approved—

(a)by the Secretary of State or the Rail Regulator in pursuance of any function assigned or transferred to him under or by virtue of any provision of the 1993 Act;

(b)by or under any agreement the making of which is required or approved by the Secretary of State or the Rail Regulator in the exercise of any such function; or

(c)by or under a licence granted under Part I of the 1993 Act.

(4)The transitional period conferred by sub-paragraph (3)—

(a)is to be taken to have begun on the starting date; and

(b)ends at the end of the relevant period.

(5)Sub-paragraph (3) is subject to paragraph 20.

(6)Any variation of a section 131 agreement on or after the starting date is to be treated, for the purposes of this paragraph, as a separate non-exempt agreement.

Marginal Citations