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SCHEDULES

SCHEDULE 10U.K.Ancillary provisions relating to boards

Acting through subsidiariesU.K.

1(1)A section 87 order may include provision—U.K.

(a)enabling the board to establish subsidiaries, and

(b)enabling or requiring the board to carry out specified functions through subsidiaries.

(2)Subsidiary” means a subsidiary as defined by section 736 of the Companies Act 1985 (c. 6) or Article 4 of the Companies (Northern Ireland) Order 1986 (S.I. 1986/1032 (N.I. 6)).

Commencement Information

I1Sch. 10 para. 1 in force at 1.10.2006 by S.I. 2006/2541, art. 2 (with Sch.)