Steel Industry (Nationalisation) Act 2026
Steel Industry (Nationalisation) Act 2026 (2026 c. 27)
- Steel Industry (Nationalisation) Act 2026 (2026 c. 27)
- Part 1 Transfer powers
- Introductory
- 1 Meaning of “steel undertaking”
- 2 Exercise of principal transfer powers in the public interest
- 3 Sunset for exercise of principal transfer powers
- Transfer of securities into public ownership
- 4 Share transfer regulations
- 5 Meaning of “securities”
- 6 Effect of share transfer
- 7 Continuity
- 8 Conversion and delisting
- 9 Directors and senior managers
- 10 Ancillary instruments
- 11 Termination rights
- 12 Supplemental share transfer regulations
- 13 Onward share transfer
- 14 Reverse share transfer
- Transfer of property into public ownership
- 15 Property transfer regulations
- 16 Effect of property transfer
- 17 Transferable property
- 18 Continuity
- 19 Directors and senior managers
- 20 Company names
- 21 Licences
- 22 Termination rights
- 23 Foreign property
- 24 Property transfer regulations: delisting
- 25 Supplemental property transfer regulations
- 26 Onward property transfer
- 27 Reverse property transfer
- 28 Property transfer connected with share transfer
- 29 Connected reverse property transfer regulations
- 30 Creation of liabilities
- Connected persons
- 31 Exercise of transfer powers in respect of connected persons
- 32 Meaning of “responsible person” and “associate” in section 31
- Continuity obligations
- 33 General continuity obligations: property transfers
- 34 Special continuity obligations: property transfers
- 35 Continuity obligations: onward property transfers
- 36 General continuity obligation: share transfers
- 37 Special continuity obligations: share transfers
- 38 Continuity obligations: onward share transfers
- 39 Continuity obligations: consideration and terms
- 40 Continuity obligations: termination
- Further provision relating to transfers
- 41 Suspension of obligations
- 42 Restriction of security interests
- 43 Suspension of termination rights
- 44 Pensions
- 45 Enforcement
- 46 Detrimental transactions
- 47 Disputes
- 48 Tax
- 49 Recognition and enforcement of foreign judgments
- 50 Power to modify law in connection with share or property transfers
- Interpretation
- 51 Interpretation of Part 1
- Part 2 Compensation
- 52 Compensation scheme regulations
- 53 Independent valuation of compensation
- 54 Further provision about independent valuation
- 55 Independent valuer: supplementary
- 56 Independent valuer etc: remuneration
- 57 Procedure for compensation scheme regulations
- Part 3 Miscellaneous
- Financial assistance
- 58 Financial assistance
- 59 Reporting
- Repeal of SISMA 2025
- 60 Repeal of SISMA 2025
- Part 4 General
- 61 Regulations
- 62 Extent
- 63 Commencement
- 64 Short title
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