Part 2 Transfers Relating to BNFL or the UKAEA etc
Energy Act 2004 (2004 c 20) | Legislation

Part 2 Transfers Relating to BNFL or the UKAEA etc

Application of Part 2 of Schedule

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.

Application of rules for reorganisations under same ownership

[17

Where Chapter 1 of Part 22 of the Corporation Tax Act 2010 (transfers

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