S4C must obtain the Secretary of State's approval in writing before (whether under section 204A or otherwise)—
S4C must ensure that an S4C company obtains the Secretary of State's approval in writing before the company does anything for a charge or with a view to making a profit.
An approval under this section may be—
For the purposes of this section, the carrying on of the following activities is treated as approved by the Secretary of State (so far as approval under this section would otherwise be required)—
S4C may not provide a service that would fall to be regulated under section 245 (independent radio services) if provided by an S4C company.