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The Water Industry (Special Administration) Regulations 2024
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- UK Statutory Instruments
- 2024 No. 205
- PART 4
- CHAPTER 1
- Regulation 37
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Appointment of joint and concurrent special administrators
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37. Paragraph 103 has effect as if it were substituted with—
“103.—(1) Where a company is in special administration, a person may be appointed to act as a special administrator jointly or concurrently with the person or persons acting as the special administrator of the company.
(2) Subject to sub-paragraph (3), an appointment under sub-paragraph (1) must be made by the court on the application of—
(a)the relevant authority; or
(b)the Water Services Regulation Authority.
(3) An appointment made under sub-paragraph (1) may be made only with the consent of the person or persons acting as the special administrator of the company.”.
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