Regulation 6 Exit application to identify acquiring licensees
(1)
An exit application must specify the eligible licenseef1 or licensees to which the relevant undertaker proposes to transfer a part of its undertaking.
(2)
An eligible licensee may be specified in an exit application only if the licensee consents in writing.
(3)
An exit application must be accompanied by a copy of that consent.
(4)
An eligible licensee may be specified in an exit application even if it is a company associated with the undertaker.
(5)
In these Regulations, “acquiring licensee” means an eligible licensee specified in an exit application.
Annotations
Footnotes
- f1
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The definition of “eligible licensee” may be found in section 52(1) of the Water Act 2014.