# The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025, Rule 103: Application under section 176A(5) of the 1986 Act to disapply section 176A of the 1986 Act


(1) An application under section 176A(5) of the 1986 Act must be accompanied by a witness statement by the T&S administrator.
(2) The witness statement must—
(a) state that the application arises in the course of a T&S administration;
(b) contain a summary of the financial position of the T&S company;
(c) contain the information substantiating the T&S administrator’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits.
(3) An application under section 176A(5) of the 1986 Act may be made without the application being served upon or notification to any other party.

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Source: https://www.legislation.gov.uk/uksi/2025/1135/rule/103 (the official version)
Page: https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025/rule-103
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.