The Relevant Licensee Nuclear Company Administration (England and Wales) Rules 2023
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Change 1
As published
100 Nuclear administrator’s duties on vacating office
(1) A nuclear administrator who ceases to be in office as such, in consequence of removal, resignation or ceasing to be qualified to act as an insolvency practitioner, must as soon as reasonably practicable deliver to the person succeeding as nuclear administrator—
(a) the assets, after deduction of any expenses properly incurred and distributions made by the departing nuclear administrator,
(b) the records of the relevant licensee nuclear company administration, including correspondence, proofs and other documents relating to the relevant licensee nuclear company administration while it was within the responsibility of the departing nuclear administrator, and
(c) the relevant licensee nuclear company’s books, papers and other records.
(2) It is an offence for the nuclear administrator to fail to comply with paragraph (1).
Your change, as a redline
100 Nuclear administrator’s duties on vacating office
(1) A nuclear administrator who ceases to be in office as such, in consequence of removal, resignation or ceasing to be qualified to act as an insolvency practitioner, must as soon as reasonably practicable deliver to the person succeeding as nuclear administrator—
(a) the assets, after deduction of any expenses properly incurred and distributions made by the departing nuclear administrator,
(b) the records of the relevant licensee nuclear company administration, including correspondence, proofs and other documents relating to the relevant licensee nuclear company administration while it was within the responsibility of the departing nuclear administrator, and
(c) the relevant licensee nuclear company’s books, papers and other records.
(2) It is an offence for the nuclear administrator to fail to comply with paragraph (1).
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