The Water Industry (Special Administration) Regulations 2024

PART 1 General

Citation

1.  These Regulations may be cited as the Water Industry (Special Administration) Regulations 2024.

Commencement

2.—(1) For the purposes of regulation 49, these Regulations come into force on the day after the day on which they are made.

(2) For all other purposes, these Regulations come into force at the end of a period of 21 days beginning with the day after the day on which these Regulations are made.

Extent

3.  These Regulations extend to England and Wales.

Interpretation

4.  In these Regulations—

“the 1986 Act” means the Insolvency Act 1986(1);

“special administrator” means a person appointed by the court to manage the affairs, business and property of a water industry company under—

(a)

section 23(1) of the Water Industry Act 1991; or

(b)

paragraph 91 or 103 of Schedule B1(2) to the Insolvency Act 1986 as modified by Parts 3 and 4 of these Regulations; and

“water industry company” means a company of a kind mentioned in section 23(1) of the Water Industry Act 1991.

(1)

1986 c. 45.

(2)

Schedule B1 to the Insolvency Act 1986 was inserted by the Enterprise Act 2002 (c. 40), section 248(2) and Schedule 16.