Part 3 U.K. Energy Regulation

Chapter 3 U.K. Special administration regime for energy licensees

Restrictions on other insolvency procedures E+W+S

164 Restrictions on enforcement of security E+W+S

(1) No step to enforce a security over property of a protected energy company is to be taken by any person, unless—

(a) notice of his intention to do so has been served both on the Secretary of State and on GEMA; and

(b) a period of at least fourteen days has elapsed since the service of the last of those notices to be served.

(2) In the case of a protected energy company which is a non-GB company, the reference in subsection (1) to the property of the company is a reference only to its property in Great Britain.

Commencement Information

I1 S. 164 in force at 5.10.2004 by S.I. 2004/2575, art. 2(1), Sch. 1