| STANDARDISATION OF PF2 CONTRACTS PROVISION | SOURCE OF CHANGE WHERE RELEVANT | EXPLANATION OF HOW PROVISION HAS CHANGED THE SoPC4 POSITION |
| Policy | Chapter 6 now contains required drafting (instead of suitable). | |
| Policy | Provides for additional Contractor notification and disclosure obligations covering details of share sale price and quicker notification provisions. | |
| Section 6.4.2 (Transfer of interests: flexibility and restrictions) | Policy | Recognises that where the public sector has an interest in shares in the Contractor (see Chapter 5) the Change of Ownership restriction will not apply to it. |
| Clause 6.4(b)(iii) and additional drafting at end of 6.4(b) (Change of Ownership) | Market up-date | Allows transfers within a shareholder's group during the lock-in period. This has for some time been incorporated in PFI contracts. |
| Policy | Excludes public sector shareholders in the Contractor or Holdco from change of ownership restrictions during the lock-in period. |