Section 523 has effect as if, after subsection (4), there were inserted—

“(4A)

Where the company is in special administration, the court must not make an order or give a direction under subsection (3) unless—

(a)

the court has given the relevant authority and the Water Services Regulation Authority a reasonable opportunity to make representations to it about the proposed order or direction, and

(b)

the order or direction is consistent with the purposes of the special administration order.”.