# Broadcasting Act 1996, Paragraph 1

Extent: E+W+S+N.I.

(1) In this Schedule—
“the Charter” means the Royal Charter of 1st May 1996 for the continuance of the British Broadcasting Corporation;
“preparatory scheme” means a transfer scheme whose main purpose is to provide for a transfer of property, rights or liabilities from the BBC to a wholly-owned subsidiary of the BBC;
“successor company” means a company to which property, rights or liabilities are transferred in accordance with a preparatory scheme at a time when the company is a wholly-owned subsidiary of the BBC;
“transfer” includes—
(a)any transfer effected by or under an agreement or instrument entered into or executed in pursuance of an obligation imposed by a provision contained in a preparatory scheme by virtue of paragraph 2(1)(g) of Schedule 5;
(b)the creation of interests, rights or liabilities by or under any such agreement or instrument; and
(c)the creation of interests, rights or liabilities by virtue of any provision contained in a preparatory scheme by virtue of paragraph 2 of Schedule 5;
and references to a transfer in accordance with a preparatory scheme shall be construed accordingly;
“wholly-owned subsidiary” has the meaning given by section 1159 of the Companies Act 2006 .
(2) Any reference in this Schedule to vesting in accordance with a preparatory scheme or vesting effected by a preparatory scheme shall be construed as a reference to vesting as a result of a transfer in accordance with a preparatory scheme.

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Source: https://www.legislation.gov.uk/ukpga/1996/55/schedule/6/paragraph/1 (the official version)
Page: https://openlegislation.uk/broadcasting-act-1996/schedule-6/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.