National Lottery etc. Act 1993 (c. 39)

Part I U.K. AUTHORISATION AND REGULATION OF THE NATIONAL LOTTERY

Miscellaneous and supplementary U.K.

17 Extension of powers of Horserace Totalisator Board. U.K.

(1) The Horserace Totalisator Board may hold a licence under section 5 or 6.

(2) The Horserace Totalisator Board may hold an interest in a body corporate the only or principal object of which is the holding of a licence under section 5 or 6.

(3) In subsection (2) the reference to holding an interest in a body corporate is to holding, or being beneficially entitled to, shares in that body or to possessing voting power in that body.