Section 6A Report on disposal of Crown's shares in UK Green Investment Bank companyF1

(1)

As soon as reasonably practicable after a disposal of shares held by the Crown in a UK Green Investment Bank company the Secretary of State must lay before Parliament a report on the disposal.

(2)

The report—

(a)

must state—

(i)

the kind of disposal, and

(ii)

the proportion of the company's share capital retained by the Crown (or that none has been retained); and

(b)

must include—

(i)

an assessment of how the Secretary of State's objectives for the disposal have been achieved, and

(ii)

where the Crown still holds one or more shares in a UK Green Investment Bank company, details of the Secretary of State's intentions as to the Crown's future role and interest in such companies.

(3)

The Secretary of State must give a copy of the report to—

(a)

the Scottish Ministers,

(b)

the Welsh Ministers, and

(c)

the Office of the First Minister and deputy First Minister in Northern Ireland.

(4)

Subsection (3) applies to a report as described in section 38 of the Enterprise Act 2016 as well as to a report under this section.

Annotations

Textual amendments

F1: S. 6A inserted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(6), 44(5) (with s. 38); S.I. 2017/842, reg. 2