Derek McDowell (Labour)

Will the Minister of State clarify the references in section 6(2) to "a management company" and "a custodian"? I understand that a custodian will act as a trustee, in effect, but I am not quite clear about it. I would like to know how the respective roles of a management company and a custodian are defined. I understand that a custodian will act as a trustee, but I do not understand it fully. Perhaps the Minister of State will help me in that regard.