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The Smart Meter Communication Licensee Administration (England and Wales) Rules 2020

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Explanatory Memorandum
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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Voluntary surrender of security

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64. A creditor who voluntarily surrenders a security may prove for the whole of the creditor’s debt as if it were unsecured.

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