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Horserace Betting and Olympic Lottery Act 2004

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This is the original version (as it was originally enacted).

12Interpretation

This section has no associated Explanatory Notes

(1)In this Part “the Gaming Board” means the Gaming Board for Great Britain (established under section 10 of the Gaming Act 1968 (c. 65)).

(2)For the purposes of this Part a company is wholly owned by the Crown if all its shares are held by the Crown.

(3)For the purposes of subsection (2) shares are held by the Crown if they are held—

(a)by a Minister of the Crown,

(b)by the nominee of a Minister of the Crown, or

(c)by a company of which all the shares are held by the Crown.

(4)In this Part “securities” means shares (including stock), debentures, bonds and other securities, whether constituting a charge on the assets of a company or not.

(5)An expression used in this Part which is given a meaning by the Companies Act 1985 (c. 6) for general purposes of that Act shall have the same meaning for the purposes of this Part.

(6)An expression used in this Part and in the Betting, Gaming and Lotteries Act 1963 (c. 2) shall have the same meaning in this Part as in that Act.

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