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Railways and Transport Safety Act 2003

Section 104: Office of Rail Regulation: general duties

172.Section 104 makes a minor amendment to Section 4(5) of the Railways Act 1993 by repealing the words shown in bold:

“The Office of Rail Regulation shall also be under a duty in exercising the functions assigned or transferred to it under this Part;

(a)

to have regard to the financial position of the [Strategic Rail] Authority in discharging its functions under this Part.”

This ensures that the Office has regard to the Strategic Rail Authority’s financial position in respect of all of its functions.  It is a consequential amendment not picked up in the Transport Act 2000 arising from the creation of the Strategic Rail Authority in place of the Franchising Director.  The Authority’s financial position, unlike that of the Franchising Director, is not limited to discharging its functions under the Part of the 1993 Act referred to in the deleted words.

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