S. 21 in force at Royal Assent, see s. 63(1)

http://www.legislation.gov.uk/ukpga/2026/27/section/21Steel Industry (Nationalisation) Act 2026enStatute Law Database2026-08-18Expert Participation2026-07-15Part 1Transfer powersTransfer of property into public ownership
21Licences(1)

A licence in respect of anything transferred by property transfer regulations continues to have effect despite the transfer.

(2)

Property transfer regulations may disapply subsection (1) to a specified extent.

(3)

Where a licence imposes rights or obligations, property transfer regulations may apportion responsibility for exercise or compliance between transferor and transferee.

(4)

In this section, “licence” includes permission and approval and any other permissive document in respect of anything transferred.