# The Water Industry (Special Administration) Regulations 2024, Regulation 18: Revision of special administrator’s proposals


Paragraph 54 has effect as if it were substituted with—
“54. (1) The special administrator of a company may on one or more occasions revise the proposals included in the statement made under paragraph 49 in relation to the company.
(2) If the special administrator thinks that a revision is substantial, they must send a copy of the revised proposals to—
(a) the registrar of companies,
(b) the relevant authority,
(c) in the case of a qualifying water supply licensee whose licence gives it a supplementary authorisation, the Welsh Ministers,
(d) the Water Services Regulation Authority,
(e) every creditor of the company, other than an opted-out creditor, of whose claim and address the special administrator is aware, and
(f) every member of the company of whose address the special administrator is aware.
(3) A copy sent in accordance with sub-paragraph (2)—
(a) must be sent within the prescribed period, and
(b) must also, in the case of the copy under sub-paragraph (2)(f), be sent before the end of the period of five business days beginning with the day on which a copy is first sent to a creditor under sub-paragraph (2)(e).
(4) The special administrator is to be taken to have complied with sub-paragraph (2)(f) if they publish, in the prescribed manner, a notice undertaking to provide a copy of the revised proposals free of charge to any member of the company who applies in writing to a specified address.
(5) A special administrator who fails without reasonable excuse to comply with this paragraph commits an offence.”.

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Source: https://www.legislation.gov.uk/ukdsi/2024/9780348256277/regulation/18 (the official version)
Page: https://openlegislation.uk/draft-water-industry-special-administration-regulations-2024/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.