# The British Steel Limited Property Transfer Regulations 2026, Paragraph 5: Liabilities, etc.: liabilities to group undertakings, etc.


(1) In paragraphs 1 and 2 “group undertaking” has the meaning given by section 1161(5) of the Companies Act 2006.
(2) For the purposes of determining whether a liability falls within paragraph 2, it does not matter if there has been any change to the liability between the transfer date and the previous time mentioned in paragraph 2 (whether those changes are changes in amount, changes to the contract governing the liability, changes to the parties or otherwise).

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Source: https://www.legislation.gov.uk/uksi/2026/832/schedule/paragraph/5 (the official version)
Page: https://openlegislation.uk/british-steel-limited-property-transfer-regulations-2026/schedule/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.