Rule 89 Moving from relevant licensee nuclear company administration to creditors’ voluntary liquidation
Where, for the purposes of paragraph 83(3) of Schedule B1 to the 1986 Act, the nuclear administrator delivers to the registrar of companies a notice of moving from relevant licensee nuclear company administration to creditors’ voluntary liquidation, the notice must include the name and IP number of the proposed liquidator.
The notice to the registrar of companies must be accompanied by a copy of the nuclear administrator’s final progress report, which must include details of the assets to be dealt with in the liquidation.
As soon as reasonably practicable after delivery of the notice to the registrar of companies, the nuclear administrator must deliver—
a copy of the notice and final progress report to the Secretary of State, the Gas and Electricity Markets Authority and all those persons to whom notice of the nuclear administrator’s appointment was delivered, and
a copy of the final progress report with any other copy of the notice that is sent as required by paragraph 83(5)(b) of Schedule B1 to the 1986 Act.
For the purposes of paragraph 83(7)(a) of Schedule B1 to the 1986 Act, a person is nominated as liquidator in accordance with rule 21(8) and (9) or 25(3)(e) and that person’s appointment takes effect following registration under paragraph (1) of this rule—
by virtue of the nuclear administrator’s proposals or revised proposals, or
following a decision sought by the nuclear administrator under rule 29.
The Gas and Electricity Markets Authority must notify the Secretary of State before consenting to the nuclear administrator delivering a notice of moving from relevant licensee nuclear company administration to creditors’ voluntary liquidation to the registrar of companies.