Section 249(1)
Section 248 shall have no effect in relation to— a company holding an appointment under Chapter I of Part II of the Water Industry Act 1991 (c. 56) (water and sewerage undertakers), a qualifying water supply licensee within the meaning of subsection (6) of section 23 of the Water Industry Act 1991 (meaning and effect of special administration order) or a qualifying sewerage licensee within the meaning of subsection (8) of that section, a protected railway company within the meaning of section 59 of the Railways Act 1993 (c. 43) (railway administration order) (including that section as it has effect by virtue of section 19 of the Channel Tunnel Rail Link Act 1996 (c. 61) (administration)), a licence company within the meaning of section 26 of the Transport Act 2000 (c. 38) (air traffic services), a public-private partnership company within the meaning of section 210 of the Greater London Authority Act 1999 (c. 29) (public-private partnership agreement), or a building society within the meaning of section 119 of the Building Societies Act 1986 (c. 53) (interpretation).
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Source: legislation.gov.uk · retrieved 2026-09-04