Part 1 Postal Services Act 2000
Postal Services Act 2011 (2011 c 5) | Legislation

SCHEDULE 12 Minor and Consequential Amendments

Section 91

Part 1 Postal Services Act 2000

1

The Postal Services Act 2000 is amended as follows.

2

Omit sections 1 and 3 to 5 (introductory).

3

Omit sections 6 to 41 (licences for postal services).

4

Omit sections 42 to 50 (the Postal Services Commission).

5

Omit sections 60 to 61A (the Postal Services Commission and the Council).

6

In section 62 (transfer of property etc to nominated company), omit subsections (1) to (5), (7) and (8).

7

For section 63 substitute—

“63 Power to direct issue of certain securities etc

(1)     This section applies to—

(a)     a Post Office company,

(b)     a Royal Mail company, or

(c)     a company in the same group as a company within paragraph (a) or (b),

that is wholly owned by the Crown.

(2)     The Secretary of State may direct a company to which this section applies to issue securities to—

(a)     the Secretary of State or the Treasury (or to a nominee of either of them), or

(b)     a parent company that is wholly owned by the Crown.

(3)     A direction must specify—

(a)

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