SCHEDULES

SCHEDULE 6 U.K. Structure etc. of transferee companies

Government investment in securities of transferee company U.K.

3 (1) The Treasury or a Minister of the Crown may use money provided by Parliament for the acquisition of— U.K.

(a) securities of the transferee company; or

(b) rights to subscribe for such securities.

(2) The consent of the Treasury is required for—

(a) an acquisition by a Minister of the Crown under sub-paragraph (1); or

(b) a disposal by a Minister of the Crown of securities or rights acquired by virtue of this paragraph.

Commencement Information

I1 Sch. 6 para. 3 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1