(1)The authority which at the commencement of this section is called the Welsh Fourth Channel Authority shall continue in existence as a body corporate but—
(a)shall be known as Sianel Pedwar Cymru (or S4C); and
(b)shall be constituted in accordance with, and have the functions conferred by, this Act;
and in this Act references to the Welsh Authority are references to that authority.
(2)The Welsh Authority shall consist of—
(a)a chairman appointed by the Secretary of State; and
(b)such number of other members appointed by the Secretary of State, not being less than four nor more than eight, as he may from time to time determine.
(3)Schedule 6 to this Act shall have effect with respect to the Welsh Authority.