PART 1

UK Green Investment Bank

Report on disposal of Crown's shares in UK Green Investment Bank company
6A
1
As soon as reasonably practicable after a disposal of shares held by the Crown in a
UK
Green Investment Bank company the Secretary of State must lay before Parliament a report on the disposal.
2
The report—
a
must state—
i
the kind of disposal, and
ii
the proportion of the company's share capital retained by the Crown (or that none has been retained); and
b
must include—
i
an assessment of how the Secretary of State's objectives for the disposal have been achieved, and
ii
where the Crown still holds one or more shares in a
UK
Green Investment Bank company, details of the Secretary of State's intentions as to the Crown's future role and interest in such companies.
3
The Secretary of State must give a copy of the report to—
a
the Scottish Ministers,
b
the Welsh Ministers, and
c
the Office of the First Minister and deputy First Minister in Northern Ireland.
4
Subsection (3) applies to a report as described in section 38 of the Enterprise Act 2016 as well as to a report under this section.
S. 6A inserted (18.8.2017) by Enterprise Act 2016 (c. 12), ss. 37(6), 44(5) (with s. 38); S.I. 2017/842, reg. 2