Part 4

Special administration regime

Restrictions on other insolvency procedures

Enforcement of security
78
1
A person may not take any step to enforce a security over property of a company which is a universal service provider unless—
a
notice of the intention to do so has been served on the Secretary of State and OFCOM, and
b
a period of at least 14 days has elapsed since the service of the last of those notices to be served.
2
In the case of a foreign company which is a universal service provider, the reference to the property of the company is to its property in the United Kingdom.