- Draft legislation
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Water Industry (Special Administration) Regulations 2024 No. 205
17. Paragraph 49(1) has effect as if—
(a)for paragraph (2)(b) there were substituted—
“(b)where applicable (see section 23 of the 1991 Act), explain why the special administrator thinks that—
(i)it is not likely to be possible to rescue the company as a going concern, or
(ii)transfer is likely to secure more effective performance of the functions or activities mentioned in section 23(2)(a), (2A)(a) or (2AA)(a) of the 1991 Act.”; and
(b)in sub-paragraph (4), before paragraph (a), there were inserted—
“(za)to the relevant authority,
(zb)in the case of a qualifying water supply licensee whose licence gives it a supplementary authorisation, to the Welsh Ministers,
(zc)to the Water Services Regulation Authority,”.
Paragraph 49 was amended by: S.I. 2008/948, articles 3(1)(b) and 6 and Schedule 1, Part 2, paragraph 100(a); the Corporate Insolvency and Governance Act 2020 (c. 12), section 7 and Schedule 7, Part 2, paragraphs 5, 7(1) and (2); and, the Small Business, Enterprise and Employment Act 2015 (c. 26), section 126 and Schedule 9, Part 1, paragraphs 1, 10(1) and (2).
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