Part I The Provision of Railway Services

Franchising of passenger services

25 Public sector operators not to be franchisees.

(1)

The following bodies and persons (in this Part referred to as “public sector operators”) shall not be franchisees—

(a)

any Minister of the Crown, Government department or other emanation of the Crown;

(b)

any local authority;

F1(bb)

the Greater London Authority;

F2(bc)

Transport for London;

(c)

any F3metropolitan county passenger transport authority F3Integrated Transport Authority for an integrated transport area in England ;

(d)

any body corporate whose members are appointed by a Minister of the Crown, a Government department, a local authority F4, the Greater London Authority, Transport for London or F5a metropolitan county passenger transport authority F5an Integrated Transport Authority for an integrated transport area in England or by a body corporate whose members are so appointed;

(e)

a company—

(i)

a majority of whose issued shares are held by or on behalf of any of the bodies or persons falling within paragraphs (a) to (d) above;

(ii)

in which the majority of the voting rights are held by or on behalf of any of those bodies or persons;

(iii)

a majority of whose board of directors can be appointed or removed by any of those bodies or persons; or

(iv)

in which the majority of the voting rights are controlled by any of those bodies or persons, pursuant to an agreement with other persons;

(f)

a subsidiary of a company falling within paragraph (e) above.

F6(2)

Expressions used in sub-paragraphs (i) to (iv) of subsection (1)(e) that are defined for the purposes of the Companies Acts (see section 1174 of, and Schedule 8 to, the Companies Act 2006) have the same meaning in those sub-paragraphs.

F7(3)

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F7(4)

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F7(5)

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F7(6)

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F7(7)

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F7(8)

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F7(9)

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