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57.—(1) Within 14 days of the end of every period of 6 months beginning with the date of a special administrator’s appointment, the special administrator must send each creditor of the water company concerned a report on the progress of the administration.
(2) On vacating office, the special administrator must send each creditor a report on the administration up to that time.
(3) Paragraph (2) does not apply if—
(a)the water company goes into liquidation immediately after the special administration ends; or
(b)the special administrator is removed from office by the court or ceases to be qualified as an insolvency practitioner.
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