Energy Act 2023

Interpretation U.K.

13 (1) In this Schedule—

• “controlled place” has the meaning given by section 17(3) to (4) of the Energy Act 2008;

• “scheme” means a scheme under section 50;

• “subsidiary” has the meaning given to it by section 1159 of the Companies Act 2006;

• “transferee”—

  (a)

  in relation to a scheme, means a person to whom property, rights or liabilities are transferred in accordance with the scheme; and

  (b)

  in relation to particular property, rights or liabilities transferred or created in accordance with a scheme, means the person to whom that property or those rights or liabilities are transferred or in whose favour, or in relation to whom, they are created;

• “transferor”—

  (a)

  in relation to a scheme, means the person from whom property, rights or liabilities are transferred in accordance with the scheme; and

  (b)

  in relation to particular property, rights or liabilities transferred or created in accordance with a scheme, means the person from whom that property or those rights or liabilities are transferred or the person who or whose property is subject to the interest or right created by the scheme or for whose benefit the liability is created.

(2) References in this Schedule to a right or to an entitlement to a right include references to an entitlement to exercise a right; and, accordingly, references to a right’s arising include references to its becoming exercisable.

Commencement Information

I1 Sch. 4 para. 13 in force at 26.12.2023, see s. 334(3)(a)