Paragraph 16 I1

(1)

This Part of this Schedule applies to a transfer if—

(a)

it is a transfer in accordance with a section 39 scheme of securities of a BNFL company or of property, rights or liabilities of a BNFL company; and

(b)

the transferee is a publicly owned company which is not a subsidiary of the NDA.

(2)

This Part of this Schedule also applies to a transfer if it is a transfer in accordance with a section 39 scheme to a transferee falling within sub-paragraph (3) of—

(a)

property, rights or liabilities of the UKAEA;

(b)

securities of a wholly-owned subsidiary of the UKAEA; or

(c)

property, rights or liabilities of such a subsidiary.

(3)

The transferee falls within this sub-paragraph if it is—

(a)

a publicly owned company which is not a subsidiary of the NDA; or

(b)

the UKAEA.

(4)

In this paragraph “BNFL company” means BNFL or a wholly-owned subsidiary of BNFL.

Annotations

Commencement

I1: Sch. 9 para. 16 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1