TRANSITIONAL PROVISIONS AND SAVINGS
- Ensure foreign property and liabilities transfer to the successor company Trader
UK Act of Parliament
1991
United Kingdom
British Technology Group Act 1991
At a glance
What's here
3 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 2
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 223 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 418 duties
- Companies Act 2006 2006 39 duties
- TULRCA 1992 1992 37 duties
- The Customs (Import Duty) (EU Exit) Regulations 2018 2018 33 duties
- Consumer Credit Act 1974 1974 31 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 14 other Schedules — structural / supplementary
PROVISIONS SUPPLEMENTARY TO S. 1
Without prejudice to any powers of the Corporation or Board...
Any agreement made, transaction effected or other thing done by,...
Where immediately before the appointed day there is in force...
(1) It is hereby declared for the avoidance of doubt...
In the House of Commons Disqualification Act 1975, in Part...
REPEALS
During the transitional period section 1(2) of the Development of...
(1) It shall be the duty of the Corporation and...
(1) Where any loan made to the Corporation under section...
Sub-paragraphs (2) to (5) of paragraph 4 of Schedule 2...
(1) Notwithstanding the repeal of section 13(2) of the Development...
Notwithstanding the repeal of section 7(6) of the Act of...
(1) Where it is proposed to declare a distribution during...
Financial structure of successor company.
- Maintain a statutory reserve and follow specific accounting rules Trader
Administrative expenses.
Other duties (1) — Crown / regulator
- Government must fund administrative costs of the Act Crown / Minister / Government department
Browse 16 other sections — procedural / definitional / commencement
Vesting of property etc. of NRDC and NEB in a successor company.
Extinguishment of NRDC reserve and NEB public dividend capital.
Initial Government holding in the successor company.
Government investment in securities of the successor company.
Exercise of functions through nominees.
Target investment limit for Government shareholding.
Offers for sale of securities etc.
Loans by Secretary of State to successor company.
Temporary restrictions on successor company’s borrowings etc.
Dissolution of the Corporation and Board.
Corporation tax.
Application of Trustee Investments Act 1961 in relation to investment in the successor company.
Orders.
Interpretation.
Consequential amendments, repeals and transitional provisions.
Short title, commencement and extent.
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