# Energy Act 2013, Section 8: Duties of a CFD counterparty


(1) A CFD counterparty must act in accordance with—
(a) any direction given by the Secretary of State by virtue of this Chapter;
(b) any provision included in regulations.
(2) A CFD counterparty must exercise the functions conferred by or by virtue of this Chapter to ensure that it can meet its liabilities under any CFD to which it is a party.
(3) In this Chapter “national system operator” means the person designated as the Independent System Operator and Planner under section 162 of the Energy Act 2023.

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Source: https://www.legislation.gov.uk/ukpga/2013/32/section/8 (the official version)
Page: https://openlegislation.uk/energy-act-2013/section-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.