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3. In order to be a Submarine Enterprise Collaboration Participant, a person shall—
(a)have one or more Core Competences; and
(b)be a party to one or more agreements with the Secretary of State that—
(i)concern the whole or part of a nuclear submarine; and
(ii)designate that person as a Submarine Enterprise Collaboration Participant.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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