Application of Part 2 of Schedule
16(1)This Part of this Schedule applies to a transfer if—
(a)it is a transfer in accordance with a section 39 scheme of securities of a BNFL company or of property, rights or liabilities of a BNFL company; and
(b)the transferee is a publicly owned company which is not a subsidiary of the NDA.
(2)This Part of this Schedule also applies to a transfer if it is a transfer in accordance with a section 39 scheme to a transferee falling within sub-paragraph (3) of—
(a)property, rights or liabilities of the UKAEA;
(b)securities of a wholly-owned subsidiary of the UKAEA; or
(c)property, rights or liabilities of such a subsidiary.
(3)The transferee falls within this sub-paragraph if it is—
(a)a publicly owned company which is not a subsidiary of the NDA; or
(b)the UKAEA.
(4)In this paragraph “BNFL company” means BNFL or a wholly-owned subsidiary of BNFL.