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The Railway (Licensing of Railway Undertakings) Regulations 2005
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There are currently no known outstanding effects for the The Railway (Licensing of Railway Undertakings) Regulations 2005, Paragraph 7.
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7. For the purpose of demonstrating its financial fitness a railway undertaking shall make available to the ORR the undertaking's annual accounts, or if the undertaking is not able to provide annual accounts then the undertaking's balance sheet, together with details of the following matters (in so far as these cannot be ascertained from the annual accounts or, as the case may be, the balance sheet)—E+W+S
(a)the railway undertaking's available funds, including the bank balance, pledged overdraft provisions and loans;
(b)the railway undertaking's funds and assets available as security;
(c)the railway undertaking's working capital;
(d)relevant costs, including the railway undertaking's purchase costs of payments to account for vehicles, land, buildings, installations and rolling stock; F1...
(e)charges on the railway undertaking's assets [F2; and
(f)taxes and social security payments.]
Textual Amendments
F1Word in Sch. 2 para. 7(d) omitted (29.7.2016) by virtue of The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016 (S.I. 2016/645), regs. 1(1), 39(11)(a) (with reg. 4)
F2Sch. 2 para. 7(f) and word inserted (29.7.2016) by The Railways (Access, Management and Licensing of Railway Undertakings) Regulations 2016 (S.I. 2016/645), regs. 1(1), 39(11)(b) (with reg. 4)
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