PART 2Exit applications

Notice of exit application and power to require further information

Notice of exit application9.

(1)

Where a relevant undertaker makes an exit application, it must publish notice of the application on its website.

(2)

The relevant undertaker must also give notice of the application to—

(a)

the WSRA, and

(b)

the Consumer Council for Water.

(3)

A notice under paragraph (1) or (2) must specify—

(a)

the date of the exit application,

(b)

the name of the acquiring licensee or licensees, and

(c)

the exit date.

(4)

A relevant undertaker that has made an exit application must comply with paragraphs (1) and (2) by the end of the period of 7 days beginning with the date of the application.

(5)

A notice published on the relevant undertaker’s website under paragraph (1) must not be removed until—

(a)

the exit date has passed,

(b)

the application is withdrawn under regulation 14, or

(c)

the Secretary of State is notified under regulation 15 that the relevant undertaker or an acquiring licensee no longer wishes to proceed.

(6)

A duty imposed on a relevant undertaker by this regulation is enforceable under section 18 of the 1991 Act11.

Power to require further information10.

The Secretary of State may require a relevant undertaker that has made an exit application to provide such further information as may be required in order to determine the application.