Paragraph 40

(1)

Section 12 (transfer schemes at end of franchising agreements) is amended as follows.

(2)

In subsection (3)—

(a)

after paragraph (a) insert—

“(aa)
the Welsh Ministers;”;

(b)

in paragraph (c) after “the Secretary of State” insert “, the Welsh Ministers”;

(c)

after paragraph (d) omit “and” and insert—

“(da)
a company which is jointly owned by the Secretary of State and the Welsh Ministers; and”.

(3)

In subsection (8), in the definition of “the appropriate national authority”—

(a)

before paragraph (a) insert—

“(za)
in relation to a franchise agreement the franchised services under which consist of Wales-only services, the Welsh Ministers;”;

(b)

omit paragraph (a);

(c)

after paragraph (b) insert—

“(c)
in relation to any other franchise agreement, the Secretary of State;”.