37 Disposal of Crown's shares in UK Green Investment Bank company
Enterprise Act 2016 (2016 c 12) | Legislation

UK Green Investment Bank

37  Disposal of Crown's shares in UK Green Investment Bank company

(1)     Part 1 of the Enterprise and Regulatory Reform Act 2013 (UK Green Investment Bank) is amended as follows.

(2)     Omit the following provisions—

(a)     section 1 (the green purposes);

(b)     section 3 (alteration of Bank's objects where it is designated by Secretary of State);

(c)     section 5 (accounts, reports etc where Bank is designated by Secretary of State).

(3)     In section 2 (designation of Bank)—

(a)     for the heading substitute “Interpretation”,

(b)     omit subsections (1) to (8) (Secretary of State's power to designate), and

(c)     after subsection (9) insert—

“(10)     In this Part “UK Green Investment Bank company” means—

(a)     the UK Green Investment Bank, or

(b)     a company that is

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