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(1) These Regulations may be cited as the Employers' Liability (Compulsory Insurance) Exemption (Amendment) Regulations 1994 and shall come into force on 1st April 1994.
(2) In these Regulations, “the principal Regulations” means the Employers' Liability (Compulsory Insurance) Exemption Regulations 1971.
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(1) The principal Regulations shall be amended in accordance with the following paragraphs of this regulation.
(2) In regulation 2(2) for the definition of “subsidiary” there shall be substituted the following definition: “
 “subsidiary” has the same meaning as in section 736 of the Companies Act 1985 (c. 6.).”
(3) In regulation 3—
(a) at the end of paragraph (z) for the full stop there shall be substituted a semi-colon; and
(b) after paragraph (z) there shall be inserted the following paragraph:“
(za) Railtrack Group plc and any of its wholly owned subsidiaries within the meaning of section 736 (2) of the Companies Act 1985.”.
(4) After regulation 3 there shall be inserted the following regulation:“
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(1) The exemptions granted by regulation 3(za) of these Regulations shall cease to have effect as from the date on which Railtrack Group plc ceases to be wholly owned by the Crown.
(2) In this regulation “wholly owned by the Crown” has the same meaning as in section 151(2) of the Railways Act 1993 (c. 43.).”
Signed by order of the Secretary of State.
Michael Forsyth
Minister of State,
Department of Employment.
2nd March 1994