Version Superseded: 04/07/2016
Point in time view as at 31/10/2012. This version of this provision has been superseded.
Greater London Authority Act 1999, Section 164 is up to date with all changes known to be in force on or before 04 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
The powers of the Authority and the powers of Transport for London shall be exercised so as to ensure that a subsidiary of Transport for London—
(a)does not do anything which Transport for London has no power to do (including anything which Transport for London has no power to do because the consent of the Secretary of State has not been obtained),
(b)does not do anything which the Mayor has directed Transport for London not to do, and
(c)does not, except with the consent of the Mayor, raise money by the issue of shares or stock to any person other than Transport for London or any other subsidiary of Transport for London.
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