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The Smart Meter Communication Licensee Administration (England and Wales) Rules 2020
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Proxy-holder with financial interest
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148.—(1) A proxy-holder must not vote for a resolution which would—
(a)directly or indirectly place the proxy-holder or any associate of the proxy-holder in a position to receive any remuneration, fees or expenses from the assets of the SMCL; or
(b)fix or change the amount of or the basis of any remuneration, fees or expenses receivable by the proxy-holder or any associate of the proxy-holder out of the assets of the SMCL.
(2) However a proxy-holder may vote for such a resolution if the proxy specifically directs the proxy-holder to vote in that way.
(3) Where an SMCL administrator is appointed as proxy-holder and that proxy is used under Rule 146(2) by another person acting as chair, the SMCL administrator is deemed to be an associate of the person acting as chair.
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