# The School Companies Regulations 2002, Regulation 4: Companies governed by these Regulations


These Regulations apply in relation to any company whose members include the governing body of a maintained school which has exercised its powers under section 11 of the 2002 Act to become a member of the company, except where–
(a) the main purpose of the members in forming the company is to enter into or facilitate agreements under the private finance initiative; and
(b) one of the company’s objects is to enter into or facilitate agreements under the private finance initiative.

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Source: https://www.legislation.gov.uk/uksi/2002/2978/regulation/4 (the official version)
Page: https://openlegislation.uk/school-companies-regulations-2002/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.