Part 3Energy Regulation
C7Chapter 3Special administration regime for energy licensees
Annotations:
Modifications etc. (not altering text)
Restrictions on other insolvency procedures
I1C1C2C3C4C5C6C7164C7Restrictions on enforcement of security
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.
Pt. 3 Ch. 3: power to modify conferred (31.3.2022 for specified purposes, 1.6.2022 in so far as not already in force) by Nuclear Energy (Financing) Act 2022 (c. 15), ss. 38, 44(1)(c)(2)(c)