This section has no associated Explanatory Notes
8(1)Section 64 (government investment in certain securities) is amended as follows.
(2)In the heading, for “the Post Office company and its subsidiaries” substitute “certain companies”.
(3)In subsection (1), for “the Post Office company or of any of its subsidiaries” substitute “—
(a)a Post Office company,
(b)a Royal Mail company, or
(c)a company in the same group as a company within paragraph (a) or (b).”
(4)After that subsection insert—
“(1A)Securities acquired under this section may be held by a nominee.”
(5)Omit subsection (3).