PART 3ADMINISTRATION: APPLICATION OF PART 3 OF THE 2016 RULES

Administrator’s application for order ending administration (paragraph 79 of Schedule B1) (rule 3.57)50.

Rule 3.57 has effect as if—

(a)

for paragraphs (1) and (2) there were substituted—

“(1)

An application to court under paragraph 79 of Schedule B1 for an order ending a special administration must—

(a)

where the applicant is the special administrator, be accompanied by a progress report for the period since—

(i)

the last progress report (if any), or

(ii)

if there has been no previous progress report, the date on which the company entered special administration, and

(iii)

a statement indicating what the special administrator thinks should be the next steps for the company;

(b)

where the applicant is the relevant authority or the Water Services Regulation Authority, be accompanied by—

(i)

a witness statement explaining why the applicant believes that there is no longer a need to pursue the purpose of the special administration;

(ii)

either—

(aa)

a progress report, or

(bb)

an explanation of why there is no progress report; and

(iii)

a statement indicating what the applicant thinks should be the next steps for the company.

(2)

Where an application under this rule is to be made—

(a)

the applicant must deliver notice to the other interested parties; and

(b)

notice of the application must be delivered at least five business days before the application is made.”; and

(b)

after paragraph (2), there were inserted—

“(2A)

The application under this rule must be accompanied by—

(a)

a statement that notice has been delivered in accordance with paragraph (2); and

(b)

a copy of any response to that notice.

(2B)

In paragraph (2), each of the relevant authority, the Water Services Regulation Authority and the special administrator is an “interested party.”.