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Rule 10 Statements of affairs and statements of concurrence

Original text. Later amendments are not shown.

(1)

The statement of the protected energy company’s affairs shall be in Form EA7(S), contain all the particulars required by that form and shall be a statutory declaration.

(2)

Where more than one relevant person is required to submit a statement of affairs the energy administrator may require one or more such persons to submit, in place of a statement of affairs, a statement of concurrence in Form EA8(S); and where the energy administrator does so, he shall inform the person making the statement of affairs of that fact.

(3)

The person making the statutory declaration in support of a statement of affairs shall send the statement, together with one copy thereof, to the energy administrator, and a copy of the statement to each of those persons whom the energy administrator has required to submit a statement of concurrence.

(4)

A person required to submit a statement of concurrence shall deliver to the energy administrator the statement of concurrence, together with one copy thereof, before the end of the period of 5 business days (or such other period as the energy administrator may agree) beginning with the day on which the statement of affairs being concurred with is received by him.

(5)

A statement of concurrence may be qualified in respect of matters dealt with in the statement of affairs, where the maker of the statement of concurrence is not in agreement with the statement of affairs, he considers that statement to be erroneous or misleading, or he is without the direct knowledge necessary for concurring with it.

(6)

A statement of concurrence shall be a statutory declaration.

(7)

Subject to Rule 11, the energy administrator shall–

(a)

as soon as is reasonably practicable, file a copy of the statement of affairs and any statement of concurrence with the registrar of companies in Form EA9(S), and

(b)

insert any statement of affairs submitted to him, together with any statement of concurrence, in the sederunt book.