Exercise of strategic investment functions by designated companyN.I.
This section has no associated Explanatory Memorandum
7. The arrangements in connection with the exercise by the designated company of strategic investment functions in relation to the Executive and statutory bodies shall be such as are approved by the Executive; and such arrangements may in particular make provision for the exercise of those functions in relation to statutory bodies –
(a)for the purposes of such particular projects as are identified in accordance with the arrangements; and
(b)in accordance with such further arrangements as are agreed in writing between the statutory body concerned and the designated company.