35.—(1) This regulation applies to any nominating licensee to whom a property arrangements scheme applies.
(2) As soon as practicable after the date specified in the Authority’s direction under regulation 13, the Authority shall make a scheme providing for the licensee’s existing supply licence to have effect as mentioned in regulation 12(2) and for the licensee’s existing transmission licence to have effect with such modifications as may be made pursuant to regulation 36.
(3) In making a scheme under this regulation, the Authority shall have regard to the provisions of the nominating licensee’s transfer scheme.
(4) A scheme under this regulation shall have no effect in relation to the nominating licensee’s licences under Article 10(1)(c) of the 1992 Order if the property arrangements scheme relating to the holder does not take effect.
Commencement Information
I1Reg. 35 in operation at 3.7.2007, see reg. 1(1)