The Water Industry (Special Administration) (England and Wales) Rules 2024
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
As published
52 Moving from administration to creditors’ voluntary winding up (paragraph 83 of Schedule B1) (rule 3.60)
Rule 3.60 has effect as if—
(a) in paragraph (2)(b), there were omitted “the appointment or” and “, as the case may be”;
(b) for paragraph (6) there were substituted—
(6) For the purposes of paragraph 83(7)(a) of Schedule B1—
(a) a person is nominated by the creditors as liquidator by—
(i) their approval of the statement of the proposed liquidator in the special administrator’s proposals or revised proposals; or
(ii) their nomination of a different person, through a decision procedure under rules 3.35(1)(j)(ii)(cc) and 3.42A;
(b) the creditors’ approval is deemed to have been given under sub-paragraph (a)(i) where no decision procedure is sought under rules 3.35(1)(j)(ii)(cc) and 3.42A.
;
(c) after paragraph (7), there were inserted—
(8) The Water Services Regulation Authority must notify the relevant authority before consenting to the special administrator delivering to the registrar of companies a notice of moving from special administration to creditors’ voluntary liquidation.
.
Your change, as a redline
52 Moving from administration to creditors’ voluntary winding up (paragraph 83 of Schedule B1) (rule 3.60)
Rule 3.60 has effect as if—
(a) in paragraph (2)(b), there were omitted “the appointment or” and “, as the case may be”;
(b) for paragraph (6) there were substituted—
(6) For the purposes of paragraph 83(7)(a) of Schedule B1—
(a) a person is nominated by the creditors as liquidator by—
(i) their approval of the statement of the proposed liquidator in the special administrator’s proposals or revised proposals; or
(ii) their nomination of a different person, through a decision procedure under rules 3.35(1)(j)(ii)(cc) and 3.42A;
(b) the creditors’ approval is deemed to have been given under sub-paragraph (a)(i) where no decision procedure is sought under rules 3.35(1)(j)(ii)(cc) and 3.42A.
;
(c) after paragraph (7), there were inserted—
(8) The Water Services Regulation Authority must notify the relevant authority before consenting to the special administrator delivering to the registrar of companies a notice of moving from special administration to creditors’ voluntary liquidation.
.
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