Regulation 29 Effect of non-complianceI1

England, Wales and Scotland

(1)

Paragraph (2) applies where—

(a)

S has been entered on the credit default register as being in capacity market stage 1 credit default in respect of month M; and

(b)

either—

(i)

S does not comply with regulation 28(3)(b); or

(ii)

the Settlement Body gives S notice under regulation 28(4)(b) that credit cover provided by S under regulation 28(3)(b) is not approved, or approved only in part.

(2)

Where this paragraph applies, S must be entered by the Settlement Body on the credit default register as being in “capacity market stage 2 credit default” in respect of month M.

Annotations

Commencement

I1: Reg. 29 in force at 18.12.2014, see reg. 1(2)