The Crown Agents (Additional Powers) Order 1990

• Citation: S.I. 1990/2303
• Sections: 3

Section 1

(1) This Order may be cited as the Crown Agents (Additional Powers) Order 1990 and shall come into force forthwith.

(2) In this Order, unless the context otherwise requires–

“ the Act ” means the Crown Agents Act 1979;

“the Crown Agents ” means the body corporate established by the Act;

“person” means any person (including any body of persons corporate or unincor-porate) other than a scheduled authority or body.

Section 2

Subject to article 3 below, the Crown Agents shall have power to carry on in their own right anywhere in the world any of the following activities:

(1) Providing to any person any of the following services–

(a) Services mentioned in section 5(2) paragraphs (a) to (j) inclusive of the Act;

(b) Acting as a registrar, and performing related functions, for the purpose of any loan raised by any person;

(c) Procuring movable property of any kind being property required by any person and selling such property to any such person who requires it;

(d) Assembling, installing, commissioning or maintaining any of the equipment procured and sold in pursuance of sub-paragraph (c);

(e) Providing credit on commercial terms in connection with the sale of any movable property in pursuance of sub-paragraph (c).

(2)

(a) Procuring movable property of any kind, being property for which the Crown Agents anticipate a demand on the part of any person and selling any such property to any such person or to any other person or to a scheduled authority or body;

(b) Providing credit on commercial terms in connection with the sale of any movable property in pursuance of sub-paragraph (a).

Section 3

The exercise of powers granted under articles 2(1)(c), (d) and (e) and 2(2)(a) and (b) of this Order shall be conditional upon the consent of the Secretary of State.