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The Water Mergers (Miscellaneous Amendments) Regulations 2015
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- UK Statutory Instruments
- 2015 No. 1936
- PART 3
- Regulation 24
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Article 4
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24. After paragraph (2) of article 4, insert—
“(3) A fee shall not be payable under article 3(d)—
(a)where the merger or prospective merger of two or more water enterprises depends or would depend on the operation of section 26(3) or (4)(b) of the Act; or
(b)in relation to arrangements of a kind specified in paragraph (4), where the CMA decides pursuant to section 33A(1)(a) of the Water Industry Act 1991(1) that they are not sufficiently far advanced, or are not sufficiently likely to proceed, to justify the making of a merger reference.
(4) The arrangements are those in progress or in contemplation which, if carried into effect, will result in a merger of any two or more water enterprises.”.
(1)
Section 33A(1)(a) was inserted by section 14(1) of the Water Act 2014 (c.21).
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