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The Industry Act 1975 (Prohibition and Vesting Order) Regulations 1998
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- 1998 No. 3035
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order defines “interests” and “national interest” for the purpose of the powers conferred on the Secretary of State by the Industry Act 1975 in respect of change of control of important manufacturing undertakings in terms of the grounds on which restrictions on the right of establishment of nationals of other Member States of the European Community are permitted under Article 56 of the EC Treaty.
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