# Steel Industry (Nationalisation) Act 2026, Section 40: Continuity obligations: termination

Extent: E+W+S+N.I.

(1) The Secretary of State may by notice terminate an obligation arising under section 33 or 36.
(2) The power under subsection (1) is exercisable by giving a notice to each person—
(a) on whom the obligation is imposed, or
(b) who has benefited or might have expected to benefit from the obligation.
(3) A reference in subsection (1) to obligations under a section includes a reference to obligations under that section as applied under section 35 or 38.

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Source: https://www.legislation.gov.uk/ukpga/2026/27/section/40 (the official version)
Page: https://openlegislation.uk/steel-industry-nationalisation-act-2026/section-40
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.