Rolling stock leasing companies' codes of practice

ORR notice (about 2 pages) reporting that the rolling stock leasing companies Angel Trains, HSBC Rail and Porterbrook have published voluntary codes of practice to govern their supply of passenger rolling stock for use on the GB national railway network. This follows from ORR's 1998 report on competition in the rolling stock leasing market, which according to ORR recommended that "potential abuse of [rolling stock leasing companies'] market power could best be dealt with by a code of practice, using [ORR's] Competition Act powers as a means of enforcement". The relevant parts of the Competition Act 1998 come into force on 1 March 2000.

The codes for the three companies are in similar terms; Porterbrook's is available as a web page.

For further information or advice please contact Franck Latrémolière.

Filed under ORR, Public transport.

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