SCHEDULES

SCHEDULE 6Structure etc. of transferee companies

Government investment in securities of transferee company

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1

The Treasury or a Minister of the Crown may use money provided by Parliament for the acquisition of—

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.