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Change 1
As published
78 Information requirements on certain relevant companies.
(A1) This section applies to—
(a) a relevant company that is wholly owned by the Crown and does not have a parent company, and
(b) the original holding company if it is wholly owned by the Crown.
(1) The Treasury may serve notice on a company to which this section applies—
(a) requiring it to supply to the Treasury such information—
(i) as the Treasury may reasonably require for the performance of their functions in relation to public sector finance, and
(ii) as may be specified or described in the notice, and
(b) specifying the time, place, manner and form in which any such information is to be supplied and the person to whom it is to be supplied.
(2) If a person makes default in complying with a notice under subsection (1), the court may, on the application of the Treasury, make such order as the court considers appropriate for requiring the default to be made good.
(3) Any such order may, in particular, provide that all the costs or expenses of and incidental to the application shall be borne—
(a) by the person in default, or
(b) if officers of a company are responsible for its default, by those officers.
(4) In this section “the court”—
(a) in relation to England and Wales or Northern Ireland, means the High Court, and
(b) in relation to Scotland, means the Court of Session.
Your change, as a redline
78 Information requirements on certain relevant companies.
(A1) This section applies to—
(a) a relevant company that is wholly owned by the Crown and does not have a parent company, and
(b) the original holding company if it is wholly owned by the Crown.
(1) The Treasury may serve notice on a company to which this section applies—
(a) requiring it to supply to the Treasury such information—
(i) as the Treasury may reasonably require for the performance of their functions in relation to public sector finance, and
(ii) as may be specified or described in the notice, and
(b) specifying the time, place, manner and form in which any such information is to be supplied and the person to whom it is to be supplied.
(2) If a person makes default in complying with a notice under subsection (1), the court may, on the application of the Treasury, make such order as the court considers appropriate for requiring the default to be made good.
(3) Any such order may, in particular, provide that all the costs or expenses of and incidental to the application shall be borne—
(a) by the person in default, or
(b) if officers of a company are responsible for its default, by those officers.
(4) In this section “the court”—
(a) in relation to England and Wales or Northern Ireland, means the High Court, and
(b) in relation to Scotland, means the Court of Session.
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