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Gas Act 1986

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Changes over time for: Section 19E

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Point in time view as at 01/12/2017.

Changes to legislation:

Gas Act 1986, Section 19E is up to date with all changes known to be in force on or before 02 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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[F119E Sections 19A to 19D: supplemental.E+W+S

(1)In [F2sections 19A to [F319D]] and this section—

  • “accounting information” means such accounting records as would be required by [F4section 386 of the Companies Act 2006] in respect of each of the storage or (as the case may be) treatment activities undertaken by the owner of the facility if those activities were the only business undertaken by the owner and the owner were a person to whom that section applied;

  • F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • “significant transaction” means—

    (a)

    any transaction which relates to rights to have [F7gas or liquid gas stored in a storage facility], or (as the case may be) [F8treated in an LNG import or export facility]; and

    (b)

    any other transaction which is of a description specified from time to time by the Director by notice;

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

  • F6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(2)For the purpose of considering an application under section 19B(8) or 19D(8), the Director may by notice require the owner of the relevant facility to provide him with accounting information and details of the main commercial terms of any significant transactions with associated undertakings.

(3)Owners of relevant facilities shall keep their internal accounts in such manner as will enable them to provide accounting information if required to do so by a notice under subsection (2).

F9(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)Any reference in section 19B to a right to have gas or gas of [F10any kind, or liquid gas or liquid gas of any kind,] stored in a storage facility includes a reference to a right to introduce into, or take out of, such a facility gas or gas of [F11that kind, or liquid gas or liquid gas of that kind,].

F12(6). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ]

Textual Amendments

F1Ss. 19A-19E inserted (10.8.2000) by S.I. 2000/1937, reg. 2(2), Sch. 2 para. 1

F12S. 19E(6) ceased to have effect (26.8.2004) by virtue of The Gas (Third Party Access) Regulations 2004 (S.I. 2004/2043), reg. 1, Sch. 2 para. 6(m)

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