# The Carbon Dioxide Transport and Storage (Licensed Operators) Administration (England and Wales) Rules 2025, Rule 77: Notice of no dividend, or no further dividend


(1) If the T&S administrator delivers notice to creditors that the T&S administrator is unable to declare any dividend or any further dividend (as the case may be), the notice must contain a statement to the effect either—
(a) that no funds have been realised, or
(b) that the funds realised have already been distributed or used or allocated for paying the expenses of T&S administration.
(2) The information required by paragraph (2) may be included in a progress report (see rule 26).

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Source: https://www.legislation.gov.uk/uksi/2025/1135/rule/77 (the official version)
Page: https://openlegislation.uk/carbon-dioxide-transport-and-storage-licensed-operators-administration-england-and-wales-rules-2025/rule-77
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.