14The actions and matters in respect of which the Letchworth Commissioner shall not conduct an investigation are any actions or matters of the following descriptions:—
(a)The commencement or conduct of civil or criminal proceedings before any court of law.
(b)(i)Action taken in matters relating to contractual or other commercial transactions of the Heritage Foundation or any subsidiary of the Heritage Foundation within the meaning of section 736 of the [1985 c. 6.] Companies Act 1985, including transactions falling within sub-paragraph (ii) below but excluding transactions falling within sub-paragraph (iii) below.
(ii)The transactions mentioned in sub-paragraph (i) above as included in the matters which, by virtue of that sub-paragraph, are not subject to investigation are all transactions of the Heritage Foundation or any company in which the Heritage Foundation have an interest relating to the operation of public passenger transport, the provision of recreation or entertainment, the provision and operation of industrial establishments or the carrying on of any trade.
(iii)The transactions mentioned in sub-paragraph (i) above as not included in those matters are transactions for or relating to the acquisition or disposal of land.
(c)Action taken in respect of appointments or removals, pay, discipline, superannuation or other personnel matters.