OpenLegislation

Section 110B Section 110A: supplementalF1C1

(1)

The F2appropriate Minister may direct a security provider to publish specified information about the protected assets.

(2)

A direction under this section may specify—

(a)

the time when the information must be published, and

(b)

the manner of publication.

(3)

If a security provider fails to comply with a direction, the appropriate Minister or a creditor of the security provider may make an application to the court under this section.

(4)

If, on an application under this section, the court decides that the security provider has failed to comply with the direction, it may order the security provider to take such steps as the court directs for securing that the direction is complied with.

(5)

In this section—

  • “the protected assets” has the same meaning as in section 110A;

  • “security provider” means a person who has provided security in relation to which that section applies.

(6)

In subsections (3) and (4) references to “the court” are references—

(a)

to the High Court, in relation to an application in England and Wales or Northern Ireland, or

(b)

to the Court of Session, in relation to an application in Scotland.

Annotations

Textual amendments

F1

Ss. 110A, 110B inserted (6.4.2009) by Energy Act 2008 (c. 32), ss. 70(1), 110(2); S.I. 2009/45, art. 4(b)(ii)

F2

Words in Pt. 2 Ch. 3 substituted (1.4.2017) by Scotland Act 2016 (c. 11), ss. 62(10)(11), 72(4)(e); S.I. 2017/300, reg. 3 (with regs. 4-6)

Modifications

C1

S. 110B applied (with modifications) (E.W.S.) (30.6.2015) by The Swansea Bay Tidal Generating Station Order 2015 (S.I. 2015/1386), arts. 1, 42(4)(5)(f) (with arts. 51, 53)