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PART IIEXERCISE BY DESIGNATED COMPANY OF STRATEGIC INVESTMENT FUNCTIONS

Duty on statutory bodies in relation to designated company

8.—(1) It is the duty of every statutory body in the exercise of its functions –

(a)to facilitate the exercise by the designated company of strategic investment functions; and

(b)to co-operate with the designated company in the exercise of strategic investment functions,

to such extent as arrangements for the time being approved or made under Article 7 may require.

(2) It is the duty of every statutory body to have regard to any advice given to it by the designated company in accordance with arrangements approved or made under Article 7.

(3) Paragraph (2) applies whether the advice is given by the designated company –

(a)in relation to projects generally, in relation to projects of a specified class or description or in relation to any particular project or projects; or

(b)to the body individually, to all statutory bodies generally or to a specified class or description of body to which the body belongs.