Part 3Energy Regulation
Chapter 3Special administration regime for energy licensees
Restrictions on other insolvency procedures
I1C1C2C3C4164Restrictions on enforcement of security
1
No step to enforce a security over property of a protected energy company is to be taken by any person, unless—
a
notice of his intention to do so has been served both on the Secretary of State and on GEMA; and
b
a period of at least fourteen days has elapsed since the service of the last of those notices to be served.
2
In the case of a protected energy company which is a non-GB company, the reference in subsection (1) to the property of the company is a reference only to its property in Great Britain.