Postal Services Act 2011 (c. 5)

SCHEDULES

SCHEDULE 12 U.K. Minor and consequential amendments

Part 1 U.K. Postal Services Act 2000

8 (1) Section 64 (government investment in certain securities) is amended as follows. U.K.

(2) In the heading, for “the Post Office company and its subsidiaries” substitute “ certain companies ”.

(3) In subsection (1), for “the Post Office company or of any of its subsidiaries” substitute “—

(a) a Post Office company,

(b) a Royal Mail company, or

(c) a company in the same group as a company within paragraph (a) or (b).”

(4) After that subsection insert—

“(1A) Securities acquired under this section may be held by a nominee.”

(5) Omit subsection (3).

Commencement Information

I1 Sch. 12 para. 8 in force at 1.10.2011 by S.I. 2011/2329, art. 3