# The Transfer of Functions (Secretary of State and Treasury) Order 1986, Note: Explanatory note


This Order transfers functions relating to the holding by HM Government of securities in British Telecommunications plc (previously exercisable by the Secretary of State) and Cable and Wireless plc (previously exercisable by the Treasury) so that the functions may be exercised either by the Treasury or by the Secretary of State.

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Source: https://www.legislation.gov.uk/uksi/1986/2237/note (the official version)
Page: https://openlegislation.uk/transfer-of-functions-secretary-of-state-and-treasury-order-1986/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.