Part 1 U.K.The Civil Nuclear Industry

Chapter 2U.K.Transfers relating to nuclear undertakings

Supplementary provisions of Chapter 2 of Part 1U.K.

50Interpretation of Chapter 2 of Part 1U.K.

(1)In this Chapter —

• “nuclear company” means a body corporate with control of a designated installation, designated site or designated facility;

• “publicly controlled” is to be construed in accordance with subsection (3).

(2)Expressions used in this Chapter and in Chapter 1 of this Part have the same meanings in this Chapter as in that Chapter.

(3)For the purposes of this Chapter a body corporate is a publicly controlled company if it is a company limited by shares that is either publicly owned or is otherwise a company in which—

(a)a person specified in subsection (4) holds a majority of the voting rights; or

(b)two or more persons so specified, taken together, hold a majority of the voting rights.

(4)The persons mentioned in subsection (3) are—

(a)the Treasury;

(b)a Minister of the Crown;

(c)the NDA;

(d)the UKAEA;

(e)a publicly owned company; or

(f)a nominee of a person falling within paragraphs (a) to (e).

(5)In this section “company” [F1means a company as defined in section 1(1) of the Companies Act 2006].