Part 1The Civil Nuclear Industry

Chapter 2Transfers relating to nuclear undertakings

Supplementary provisions of Chapter 2 of Part 1

50Interpretation of Chapter 2 of Part 1

(1)

In this Chapter —

nuclear company” means a body corporate with control of a designated installation, designated site or designated facility;

publicly controlled” is to be construed in accordance with subsection (3).

(2)

Expressions used in this Chapter and in Chapter 1 of this Part have the same meanings in this Chapter as in that Chapter.

(3)

For the purposes of this Chapter a body corporate is a publicly controlled company if it is a company limited by shares that is either publicly owned or is otherwise a company in which—

(a)

a person specified in subsection (4) holds a majority of the voting rights; or

(b)

two or more persons so specified, taken together, hold a majority of the voting rights.

(4)

The persons mentioned in subsection (3) are—

(a)

the Treasury;

(b)

a Minister of the Crown;

(c)

the NDA;

(d)

the UKAEA;

(e)

a publicly owned company; or

(f)

a nominee of a person falling within paragraphs (a) to (e).

(5)

In this section “company” has the same meaning as in the Companies Act 1985 (c. 6).