for the achievement of the purposes of such an order; and

in a manner which protects the respective interests of the members and creditors of the company.

the transfer to another company, or (as respects different parts of the area to which the company’s appointment relates, or different parts of its undertaking) to two or more different companies, as a going concern, of so much of the company’s undertaking as it is necessary to transfer in order to ensure that the functions which have been vested in the company by virtue of its appointment may be properly carried out; and

the carrying out of those functions pending the making of the transfer and the vesting of those functions in the other company or companies (whether by virtue of the transfer or of an appointment or variation which replaces the former company as a relevant undertaker).

the transfer to another company or companies, as a going concern, of so much of the company’s undertaking as it is necessary to transfer in order to ensure that activities relating to the introduction or introductions of water mentioned in subsection (6)(b) below may be properly carried on; and

the carrying on of those activities pending the making of the transfer.

a purpose of the special administration order is to rescue the company as a going concern, and

a company voluntary arrangement under Part 1 of the Insolvency Act 1986, or

a compromise or arrangement in accordance with Part 26 of the Companies Act 2006.

modify a provision of the Insolvency Act 1986 or the Companies Act 2006 in respect of the arrangements and compromises mentioned in subsection (2D) in so far as they apply to a company which is or has been in special administration;

make other supplemental provision about those arrangements and compromises (which may, in particular, apply or modify the effect of an enactment about insolvency or companies).

the Secretary of State,

the Welsh Ministers, or

the Authority.

the Welsh Ministers have consented to the making of the regulations, and

a draft has been laid before and approved by resolution of each House of Parliament (and section 213(1) shall not apply).

transferring all or part of the company's undertaking to a wholly-owned subsidiary of the company, and

then transferring securities in the subsidiary to another company.

apply (with or without modification) an insolvency provision;

disapply an insolvency provision;

modify the effect of an insolvency provision;

make provision similar to, and in place of, an insolvency provision.

the Welsh Ministers have consented to the making of the regulations, and

a draft has been laid before and approved by resolution of each House of Parliament (and section 213(1) shall not apply).

a company is replaced by another as a relevant undertaker without an appointment or variation under Chapter 1 of this Part; or

a company carries on activities relating to the introduction or introductions of water mentioned in subsection (6)(b) below formerly carried on by another company,

it is the holder of a combined licence (within the meaning of Chapter 1A of this Part); and

the introduction of water by it which is permitted under section 66B or 66C below is designated as a strategic supply under section 66G below or the introductions of water by it which are so permitted are designated as a collective strategic supply under section 66H below.

by the Secretary of State; or

with the consent of the Secretary of State, by the Director,

by the Secretary of State (after consulting the Assembly); or

with the consent of the Secretary of State (after consulting the Assembly), the Authority,

that there has been, is or is likely to be such a contravention by the company of any principal duty, not being a contravention in respect of which a notice has been served under subsection (3) of section 19 above, as is serious enough to make it inappropriate for the company to continue to hold its appointment F11or licence;

that the company is or is likely to be unable to pay its debts;

that, in a case in which the Secretary of State has certified that it would be appropriate, but for section 25 below, for him to petition for the winding up of the company under F13section 440 of the Companies Act 1985 F13section 124A of the Insolvency Act 1986 (petition by the Secretary of State following inspectors’ report etc.), it would be just and equitable, as mentioned in that section, for the company to be wound up if it did not hold an appointment under Chapter I of this Part F14or was not a qualifying licensed water supplier ; or

F15in the case of a company holding an appointment under Chapter 1 of this Part, that the company is unable or unwilling adequately to participate in arrangements certified by the Secretary of State or the Director to be necessary by reason of, or in connection with, a proposal for the making by virtue of section 7(4)(c) above of any appointment or variation replacing a company as a relevant undertaker.

the reference in subsection (1) to an administration order were a reference to a special administration order;

paragraph (b) of that subsection did require the leave of the court for the taking of any of the steps mentioned in paragraphs (b) and (c) of subsection (2) (appointment of, and exercise of functions by, administrative receiver); and

the reference in paragraph (c) of subsection (1) to proceedings included a reference to any proceedings under or for the purposes of section 18 above.

it is a limited company which is deemed to be so unable under section 123 of the 1986 Act (definition of inability to pay debts); or

it is an unregistered company which is deemed, by virtue of any of sections 222 to 224 of that Act, to be so unable for the purposes of section 221 of that Act (winding up of unregistered companies).

in relation to a company holding an appointment under Chapter 1 of this Part, a requirement imposed on the company by section 37 or 94 below;

in relation to a company which is a qualifying licensed water supplier, any condition of its licence or any statutory requirement imposed on it in consequence of its licence.