# Energy Act 2004, Paragraph 16


(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.

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Source: https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/16 (the official version)
Page: https://openlegislation.uk/energy-act-2004/schedule-9/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.