The Relevant Licensee Nuclear Company Administration (England and Wales) Rules 2023
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Change 1
26 Reports
(1) The nuclear administrator must prepare a report (the “progress report”). (2) The progress report must— (a) be headed “Nuclear administrator’s progress report”; (b) include immediately below the heading— (i) the full name, registered address, registered number and any other trading names of the relevant licensee nuclear company; (ii) details of the court where the proceedings are and the relevant court reference number. (3) The progress report must include the following— (a) full details of the nuclear administrator’s name and address, IP number, date of appointment and any changes in nuclear administrator; (b) the name and address of the applicant for the relevant licensee nuclear company administration application; (c) in the case of joint nuclear administrators, details of the matters set out in section 158(5) of the 2004 Act; (d) details of progress during the period of the report, including a receipts and payments account (see paragraph (4)); (e) details of any assets that remain to be realised; (f) any other relevant information for the creditors. (4) A receipts and payments account must— (a) state what assets of the relevant licensee nuclear company have been realised, for what value, and what payments have been made to creditors or others; (b) be in the form of an abstract showing receipts and payments during the period of the report; (c) where the nuclear administrator has ceased to act, include a statement as to the amount paid to unsecured creditors by virtue of the application of section 176A of the 1986 Act (prescribed part). (5) A progress report must cover the periods of— (a) six months starting on the date on which the relevant licensee nuclear company entered relevant licensee nuclear company administration, and (b) each subsequent period of six months. (6) The periods for which progress reports are required under paragraph (5) are unaffected by any change in the nuclear administrator. (7) The nuclear administrator must send a copy of the progress report within one month of the end of the period covered by the report, to the following (subject to paragraph (8))— (a) the registrar of companies; (b) the Secretary of State; (c) the Gas and Electricity Markets Authority; (d) the creditors; (e) the court. (8) The requirement in paragraph (7) does not apply when the report is a final progress report within the meaning of Part 9. (9) The court may, on the nuclear administrator’s application— (a) extend the period of one month mentioned in paragraph (7) by such period as it thinks fit, or (b) make such other order in respect of the content of the report as it thinks fit. (10) It is an offence for the nuclear administrator to fail to comply with this rule.
26 Reports
(1) The nuclear administrator must prepare a report (the “progress report”). (2) The progress report must— (a) be headed “Nuclear administrator’s progress report”; (b) include immediately below the heading— (i) the full name, registered address, registered number and any other trading names of the relevant licensee nuclear company; (ii) details of the court where the proceedings are and the relevant court reference number. (3) The progress report must include the following— (a) full details of the nuclear administrator’s name and address, IP number, date of appointment and any changes in nuclear administrator; (b) the name and address of the applicant for the relevant licensee nuclear company administration application; (c) in the case of joint nuclear administrators, details of the matters set out in section 158(5) of the 2004 Act; (d) details of progress during the period of the report, including a receipts and payments account (see paragraph (4)); (e) details of any assets that remain to be realised; (f) any other relevant information for the creditors. (4) A receipts and payments account must— (a) state what assets of the relevant licensee nuclear company have been realised, for what value, and what payments have been made to creditors or others; (b) be in the form of an abstract showing receipts and payments during the period of the report; (c) where the nuclear administrator has ceased to act, include a statement as to the amount paid to unsecured creditors by virtue of the application of section 176A of the 1986 Act (prescribed part). (5) A progress report must cover the periods of— (a) six months starting on the date on which the relevant licensee nuclear company entered relevant licensee nuclear company administration, and (b) each subsequent period of six months. (6) The periods for which progress reports are required under paragraph (5) are unaffected by any change in the nuclear administrator. (7) The nuclear administrator must send a copy of the progress report within one month of the end of the period covered by the report, to the following (subject to paragraph (8))— (a) the registrar of companies; (b) the Secretary of State; (c) the Gas and Electricity Markets Authority; (d) the creditors; (e) the court. (8) The requirement in paragraph (7) does not apply when the report is a final progress report within the meaning of Part 9. (9) The court may, on the nuclear administrator’s application— (a) extend the period of one month mentioned in paragraph (7) by such period as it thinks fit, or (b) make such other order in respect of the content of the report as it thinks fit. (10) It is an offence for the nuclear administrator to fail to comply with this rule.
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