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The Water Industry (Special Administration) (England and Wales) Rules 2024
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Statutory Instruments
2024 No. 229
Insolvency, England And Wales
Water Industry, England And Wales
The Water Industry (Special Administration) (England and Wales) Rules 2024
Made
26th February 2024
Laid before Parliament
27th February 2024
Coming into force
19th March 2024
The Lord Chancellor, in the exercise of the powers conferred by section 411 of the Insolvency Act 1986(1) as applied by regulation 49 of the Water Industry (Special Administration) Regulations 2024(2) for the purpose of giving effect to provision made by or under sections 23 to 26 of the Water Industry Act 1991(3), makes these Rules.
The only provision made by these Rules is provision applying rules made under section 411 of the Insolvency Act 1986, with modifications, for the purposes of provision made by or under sections 23 to 26 of the Water Industry Act 1991(4).
The Secretary of State concurs in the making of these Rules.
The Chancellor of the High Court, by the authority of the Lady Chief Justice under section 411(7) of the Insolvency Act 1986, concurs in the making of these Rules in so far as they affect court procedure.
(1)
1986 c. 45. Section 411 was amended by section 15(1) of, and paragraph 188(2) of Schedule 4 to, the Constitutional Reform Act 2005 (c. 4), sections 125 and 160 of the Banking Act 2009 (c. 1), section 2(1) of, and paragraph 22(2) of Schedule 3 to, the Corporate Insolvency and Governance Act 2020 (c. 12), S.I. 2002/1037, 2007/2194, 2009/805 and 1941, 2017/702 and 2019/146.
(2)
(3)
(4)
The requirement under section 413(2) of the Insolvency Act 1986 to consult the Committee established under section 10 of the Insolvency Act 1976 (c. 60) does not apply in relation to Rules which contain a statement to this effect. Section 413(2) was amended by paragraph 78(2) of Schedule 25 to the Water Act 1989 (c. 15).
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