EXPLANATORY NOTE
(This note is not part of the Order)
This Order is the second commencement order made under the Water Act 2014 (c.21) (“the 2014 Act”).
Article 2 brings into force on 1st January 2015 various provisions in Part 1 of the 2014 Act, which concern in particular the regulation of the water industry. Sections 23 and 38 are partially commenced in relation to wholly or mainly English undertakers.
Article 3 contains transitional provisions.
Article 4 brings into force on 1st January 2015 various sections in Part 4 of the 2014 Act, which contain powers to establish a levy-funded reinsurance scheme for flood insurance in areas of high flood risk. This scheme will be known as Flood Re.
An impact assessment of the effect that the 2014 Act will have on the costs of business and the voluntary sector has been produced, and copies are available from the website of the Department for Environment, Food and Rural Affairs at www.gov.uk/defra or from the Department for Environment, Food and Rural Affairs, Nobel House, 17 Smith Square, London SW1P 3JR. No separate impact assessment has been produced for this instrument.